Business index shows growth for the Midwest and Kansas

January 02, 2018 - 5:33 am

The December Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region that includes Kansas, rose for the month; pointing to healthy growth for the next three to six months. 

The Business Conditions Index, which ranges between 0 and 100, climbed to 59.0 from November’s 57.2. This is the 13th straight month that the index has remained above growth neutral, continuing to point to positive growth for the region over the next three to six months.     

This month supply managers were asked to identify the greatest economic challenge facing their companies’ profitability over the next five years. Approximately 44.7% named increasing foreign competition as the biggest threat while more than one in five, or 21.3 percent indicated the shortage of qualified workers would be the greatest challenge to their businesses. 

Over the past 12 months, the regional manufacturing sector has added approximately 29,000 jobs, a 2.1 percent expansion.

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