Economist: State recovery slow, but faster than peers

An expert says Indiana's economy is recovering slowly but faster than other manufacturing-heavy Midwestern states.

Chief regional economist Jim Diffley of IHS Global Insight gave his firm's annual Indiana outlook to the State Budget Committee on Wednesday. He says Indiana has grown faster than most states because of a rebound in manufacturing of transportation equipment and growth in low-paying temporary and business services jobs.

Diffley says Indiana is on track to reach 3 million jobs by 2014, a level it last reached in 2007. He also says personal income in Indiana has grown by nearly 3 percent in 2010 and will grow by more than that in each of the next two years.

Retail sales are forecast to grow by about 5 percent in each of the next two years.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}