New reports suggest economic growth ahead for midwestern states
Posted By: KLKN Newsroom
OMAHA, Neb. (AP) A new report suggests economic growth is ahead for nine Midwestern and Plains states.
The survey report issued Monday says the overall Mid-America Business Conditions Index climbed to 57.0 in February from 54.8 in January.
Creighton University economist Ernie Goss oversees the survey, and he says the regional growth is likely although areas “linked closely to the energy sector, including ethanol, are experiencing pullbacks in economic activity.”
The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests economic growth, while a score below that suggests decline.
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.