Ponca City, OK

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Business Conditions Index signals solid economic growth ahead

Ponca City Now - March 1, 2019 2:11 pm

OMAHA, Neb. (AP) – A new report says the Mid-America Business Conditions Index in February hit its highest level since September, signaling solid economic growth over the next three to six months for nine Midwest and Plains states.

The report issued Friday says the index rose to 57.9 last month from 56.0 in January. The September figure was 57.5.

Creighton University economist Ernie Goss oversees the survey, and he says even stronger growth was hampered by shortages of skilled workers and international trade tensions.

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. 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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