Index indicates regional economy at lowest level since 2016

Steve McIntosh
April 01, 2020 - 5:41 am

The March Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota to Arkansas, plummeted for the month reaching its lowest level since September 2016. After advancing above growth neutral 50.0 for three straight months the Business Conditions Index, which ranges between 0 and 100, tumbled to 46.7 from February’s 52.8. 

Almost two-thirds of supply managers reported that the coronavirus produced shipping problems to and from vendors. The employment index fell to its lowest level in 10 years. Business confidence plunged to a record low.

The Kansas Business Conditions Index for March tumbled to 48.3 from February’s 54.7.

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