New jobs boosted the Northwest Indiana economy in March and April, with an index of region economic growth showing the economy here outperformed that of both the state and nation.
The region's economy remains stuck in neutral, with some small gains in hiring since the beginning of the year, according to the NWI Index for April.
Northwest Indiana's economic performance remained largely flat in March, but observers are taking heart in gains in individual business sectors and overall in the last 12 months.
A Northwest Indiana economy that has been idling along in neutral for the past year could finally shift into gear within six months, according to the most recent reading from the NWI Leading Index.
CROWN POINT | Compared with the slowly growing national and state economies, Northwest Indiana’s economy remains flat and is in exactly the same place it was 20 years ago.
Lackluster growth in retail sales and a drop in regional employment took some holiday cheer out of Northwest Indiana's economy last month, according to an index that gauges regional economic dynamics.
Two Indiana University Northwest professors said Tuesday that Northwest Indiana's economy has been stuck in neutral in recent months following gains in late 2011 and early 2012.
Northwest Indiana's economy in recent months has been in a downshift as gains earlier this year in steel production, manufacturing hours worked and other key metrics have been erased.
Northwest Indiana's economy continued to idle in August, with softness in employment and average hours worked continuing to drag on business activity.
Three years after the end the of the Great Recession, economic activity in Northwest Indiana still is muddling along at 1992 levels with no evidence of a rapid turnaround in sight.
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