Growth Expected for Midwest Economy

By: WOWT 6 News Email
By: WOWT 6 News Email

A monthly economic survey index for nine Midwestern and Plains states rose slightly in August, suggesting growth is ahead.

A survey report issued Tuesday says the overall Mid-America Business Conditions Index inched up to 57.2 last month from 57.0 in July. In June, the index reached a three-year high of 60.6.

Now looking ahead, in six months, the business confidence portion of the overall index climbed to 60.4 from 60.0 in July.
June was especially high, hitting 63.6.

The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers at Creighton University say any score above 50 suggests economic growth, while a score below that suggests decline.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.


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