Midwest Business Conditions Index falls, but remains positive

The July numbers from the Creighton survey still indicate positive growth

Steve McIntosh
August 01, 2018 - 5:37 am

The July Creighton University Mid-America Business Conditions Index fell to a solid level, continuing to point to positive but slower growth for the next three to six months. 

The Index is a leading economic indicator for the nine-state region, which inclues Kansas and Oklahoma. The Business Conditions Index, which ranges between 0 and 100, declined to 57.0 from June’s 61.8 and May’s 67.3. This is the 20th straight month the index has remained above growth neutral 50, but the second straight month that the index has fallen.  

Creighton University's Ernie Goss says, “The regional economy continues to expand at a healthy pace with manufacturing growth of approximately 2.6 percent over the past 12 months compared to a lower 2.3 percent for the U.S."  The Creighton Economic Forecasting Group has conducted the monthly survey of supply managers in nine states since 1994.

The Kansas Business Conditions Index for July dipped to 60.5 from June’s 62.5.  “U.S. Census data indicates that Kansas exported $3.8 billion in agriculture and food products in 2017. This represented 34.1 percent of total 2017 state exports, or fourth highest in the nine-state region,” said Goss.

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