New analysis from Indiana University suggests the Hoosier economy is heading in the right direction.
The Leading Index for Indiana – which uses national-level economic data to make predictions about the state’s economy – rose slightly in July. That’s the second monthly increase in a row.
According to Timothy Slaper at the IU Kelley School of Business, the increase comes in part because of a jump in homebuilder sentiment, what he calls the “exhuberant stock market,” and a strong outlook in transportation and logistics.
An Indiana University economist says the Leading Index for Indiana – an economic predictor for the state – is sending mixed messages about the health of the Hoosier economy.
The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales. But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm.