Midwest business conditions looking good

Index sees improvement

April 02, 2018 - 10:32 am

A business conditions index for nine Midwestern and Plains states surged again last month, which a report released Monday said is a sign of continued improvement in regional economic conditions.

The Mid-America Business Conditions Index hit 62.1 in March, compared with 59.7 in February, the report said. The January figure was 57.3.

Twenty percent of the business supply managers who participated in the survey "reported rapidly expanding healthy economic growth in their area, while only 4 percent reported an economic downturn in their area," said Creighton University economist Ernie Goss, who oversees the survey.

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth in that factor. A score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Comments ()