Survey suggests more economic growth ahead for Midwest
Thursday, October 26, 2017
OMAHA, Neb. — A monthly survey of business leaders released suggests that economic conditions are still improving for nine states in the Midwest or Plains.
The Mid-America Business Conditions Index rose to 58.2 in September, from 57.5 in August, the report said. The July figure was 56.1.
"The overall index over the past several months indicates a healthy regional manufacturing economy" and points to solid growth for manufacturing and nonmanufacturing for the rest of the year, said Creighton University economist Ernie Goss, who oversees the survey.
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.
Economic optimism also rose last month, hitting 63.6, compared with 62.5 in August and 60.2 in July.