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News: Business

UofL starts national economic index

March 5, 2013 | Modified: March 5, 2013 at 5:15 am
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< p>LOUISVILLE, Ky. (AP) — University of Louisville researchers have launched a national economic indicator to help businesses monitor their market's health and guide them in investment decisions.

The LoDI Index is named after the UofL-based Logistics and Distribution Institute.

The first national index number, issued Monday for March, is 50.

The index uses a number between 1 and 100, with the lower values representing a decline and higher values an increase in regional logistics and distribution activity. An index higher than 50 indicates healthy activity.

The index expands the reach of a local monthly index that has come out for a year.

Primary users of the index are expected to be logistics-related businesses and warehouses. Other potential users could be retail companies, manufacturers, investment companies, government offices, real estate developers and chambers of commerce.