The Index and graph that accompany it are issued at the beginning of each month for the previous month.
Evidence grows that the Illinois economy is slowing after two years of rapid expansion.
The University of Illinois Flash Index of Economic Growth was 105.1 in May, down a full point from its April level and the lowest reading since July 1994. In May 1995, the Flash Index measured 107.8. Corporate profits advanced last month over April, while personal income and retail sales were down, Giertz reported. The U. of I. Index is a weighted average of growth rates in corporate earnings, consumer spending and personal income. Tax receipts from corporate income, personal income and retail sales are adjusted for inflation before growth rates are calculated.