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Outside the Box: The Midwest economy is about to get pummeled again

Over the summer, Indiana’s economy showed clear signs of weakening. This same story played out across the manufacturing and farming-intensive states of the Midwest.

To be sure, it is still easy to paint a rosy picture of our economy. Jobs are plentiful, pay has finally begun to rise and tax coffers are full. We are less than a year away from tying the longest recovery in U.S. history. Still, the warning signs are clear.

Nationally, manufacturing employment growth has slowed since April, and here in Indiana, it dipped into negative territory for two consecutive months. The index of leading economic indicators declined modestly since spring, and auto sales dropped sharply across spring and summer.

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