Mid-America Economic Index remains healthy

KS ranks 4th in the region in manufacturing growth

Steve McIntosh
July 02, 2018 - 5:03 am

The June Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Arkansas to North Dakota, fell to a healthy level continuing to point to strong growth for the next three to six months. 

Creighton economist Ernie Goss says the Conditions Index, which ranges between 0 and 100, declined to 61.8 from May’s 67.3. This is the 19th straight month the index has remained above growth neutral 50.0.  

The June employment index decreased to 61.9 from May’s 66.3. The wholesale inflation gauge continues to indicate elevated inflationary pressures with an index of 86.9, down from 88.9 in May. The survey of supply managers in 9 states includes Kansas.

The Kansas Business Conditions Index for June declined to 62.5 from May’s 68.7. Components of the leading economic indicator from the monthly survey of supply managers were new orders at 65.6, production or sales at 64.3, delivery lead time at 60.4, employment at 62.5, and inventories at 59.7. 

“Over the past 12 months, the Kansas economy has added 2,300 durable goods manufacturing jobs for a growth of 2.4 percent, and 2,400 nondurable manufacturing jobs for a growth of 3.6 percent,” said Goss. "Kansas ranked fourth among the nine states in the region in terms of the rate of overall manufacturing growth over the past 12 months.

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