Survey suggests more growth ahead for Midwest economy
The Associated Press - August 1, 2017 11:10 am
OMAHA, Neb. (AP) – A monthly survey of business leaders suggested a drop in business conditions but still indicated the economy will pick up over the next few months in nine Midwest and Plains states.
A report released Tuesday says the Mid-America Business Conditions Index dropped to 56.1 last month from 62.3 in June. The May figure was 55.5.
Creighton University economist Ernie Goss oversees the survey, and he says it “points to solid growth for both manufacturing and nonmanufacturing for the second half of 2017.”
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.