Indiana Leading Index Stays Flat

The Leading Index for Indiana (LII) for the month of September was unchanged from the August index. The August index, previously flat from July, was revised upward.

The LII is produced by the Indiana Business Research Center at Indiana University’s Kelley School of Business, in order to help Hoosier businesses and governments better understand market conditions in the state.

Three of the five components that make up the LII edged up in September, but the slight dip in the auto sector component resulted in the composite index remaining flat.
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Notes: Economy Grows in Q3

The U.S. economy grew 3.5 percent in the third quarter, signaling the end of the recession.

ArcelorMittal’s sales and profits rose in the third quarter, and the company expects capacity utilization to increase to 70 percent in Q4. Meanwhile, U.S. Steel reported a loss for the third straight quarter.

The Gary/Chicago Airport Authority has inked Airport Director Chris Curry to a contract extension that will keep him in his position through March of 2013.

The fundraising campaign for a Michael Jackson museum in Gary has begun.