Survey shows hope for recovery even as economic indices drop

The Associated Press - May 2, 2020 10:07 am

OMAHA, Neb. (AP) — The latest survey of supply managers in a nine-state region of the Midwest and Plains areas shows that many have hope for a rebound yet this year, even as the survey’s other indices show that the coronavirus pandemic has knocked the economy in Middle America for a loop.

The Mid-American Business Conditions index released on Friday plummeted from March’s 46.7 to 35.1 in April — the lowest reading since February 2009. However, the confidence index, which gauges supply managers’ economic outlook for the next six months, rose to 45.5 from March’s record low 14.5.

Any score above 50 suggests economic growth, while scores below 50 suggest decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma, and South Dakota.


Latest Stories

No-go for Joe Exotic: Trump pardon list omits ‘Tiger King’

OKLAHOMA CITY (AP) — One name missing in President Donald Trump’s flurry of pardons is “Tiger...

OU Names New Dean of OU Libraries

  NORMAN, OKLA. – The University of Oklahoma announced today the appointment of Denise Stephens as...

Volunteers Needed for Statewide COVID-19 Vaccination Effort

OKLAHOMA CITY (Jan. 20, 2021) – The Oklahoma Medical Reserve Corps (OKMRC) is seeking medical and...