Manufacturing growth to aid Midwest economy
October 1, 2013
(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.
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.
