BLOOMINGTON — The Leading Index for Indiana rose for the third consecutive month in January but, as has been the story of the economic recovery, the pace of improvement is not expected to gain speed any time soon.

The LII was developed by the Indiana Business Research Center at Indiana University and is designed to predict changes in the direction of the economy several months ahead of time.

In January, the LII reached the 98.0 mark, propelled by the Housing Market Index, which showed a level of homebuilder confidence not seen since spring 2007. However, Timothy Slaper, director of economic analysis at the Indiana Business Research Center, pointed to the recent spike in oil prices and drop in consumer sentiment as indicators of slow growth.

“While the LII has shown steady progress, not all leading economic indicators point to robust growth in the coming months,” Slaper stated in a press release.

Truth Staff

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