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State economic indicators advanced for fifth straight month in January

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A measure of the Iowa economy increased 0.2 percentage points in January, marking the fifth month of positive growth, the Iowa Department of Revenue said in a release. The Iowa Leading Indicators Index rose to 108.9 in January from 108.7 in December. The annualized six-month change in the index increased to 3.2 in January. That figure, combined with what the Revenue Department called “widespread strength” in the diffusion index, suggests that employment growth will continue into the summer. Six of the eight indicators — agricultural futures profits index, average manufacturing hours, average weekly unemployment claims, diesel fuel consumption, the Iowa stock market index and new orders index — experienced an increase of greater than 0.05 percent over the last half-year. Click here to read the full report.