Midwest Economic Index Jumps In January
February 1, 2012, 5:54 AM
OMAHA, NE -
A big jump in a monthly survey index suggests a more economic growth is ahead for nine Midwest and Plains states.
The Business Conditions Index rose to 55.9 in January, compared with 50.0 in December.
Creighton University economist Ernie Goss says the December report suggested the region's economy was slowing down because of debt concerns in Europe and the lukewarm U.S. economy. But he says it appears now that December's "tepid reading was due to seasonal or nonrecurring factors."
The survey uses a collection of indexes ranging from zero to 100. Goss says that any score above 50 suggests growth while a score below 50 suggests decline for that factor.
The survey of supply managers covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
© 2012 Associated Press. All rights reserved. Material may not be redistributed.
10/17/2014 12:10 PM
A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane." The reality show is film...
10/13/2014 6:12 PM
An initiated measure on the South Dakota ballot this November proposes to raise the state's minimum wage from $7.25 per hour to $8.50. Suppo...
10/15/2014 11:45 AM
Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...
10/17/2014 2:15 PM
It was only a matter of time before scammers started capitalizing on the Ebola scare. The Better Business Bureau is warning consumers about a va...
10/16/2014 10:05 PM
Connor Burtis is holding a treasure hunt with the ultimate prize: A handcrafted piece of furniture.