Manufacturing growth to aid Midwest economy
Published on -10/1/2013, 7:22 AM
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 economic reports: http://business.creighton.edu/economicoutlook