The Northwest Indiana Coincident (Economic) Index measures the current pulse of the economy in Northwest Indiana and forecasts future growth for the region. The Coincident index is modeled after State and National coincident indices published by the Federal Reserve Bank of Philadelphia. Here you will find the latest value of the index, the 6-month forecast and links to download monthly press releases which analyze and discuss how the index has changed.
Below you will find an interactive chart of the index over time. At the bottom of the page you will find links to press releases, sources and additional reading.
About the Index
The Northwest Indiana Coincident Index (or Northwest Indiana Economic Index) was developed in 2012 to meet the need for a way to readily to track economic activity and growth in the Northwest Indiana region. The NWI Index is one of the first coincident indices to be created for a regional area.
The Index is typically released monthly on a schedule closely following the BLS Release Schedule for Metropolitan Area Employment. For questions, comments or more information about the Northwest Indiana Coincident Index please contact Dr. Pollak at firstname.lastname@example.org or (219) 980-6913.
Note: Beginning in 2019, the Index is indexed to its 2007 annual averages (previously indexed to January 1992). This change more directly ties the current index to the peak of the prior economic cycle.
- Previous releases available on IUScholarWorks
- Download (.csv)
Sources & Additional Reading
- Federal Reserve Bank of Philadelphia. "State Coincident Indexes"
- Stock, James H., and Mark W. Watson. New Indexes of Coincident and Leading Economic Indicators," NBER Macroeconomics Annual (1989), pp. 351-94.