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Manufacturing growth to aid Midwest economy

October 1, 2013
Associated Press

OMAHA, Neb. (AP) — A new survey of business leaders in nine Midwest and Plains states suggests that manufacturing growth will help fuel the regional economy through the end of the year.

The overall Mid-America Business Conditions Index climbed for a second straight month in September, rising to 54.8 from 53.8 in August.

Creighton University economist Ernie Goss oversees the survey, and he says growth among durable-goods manufacturers more than offset some pullbacks among nondurable-goods producers and value-added service firms.

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

Creighton University economic reports: http://business.creighton.edu/economicoutlook

 
 

 

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