Midwest Economic Survey Takes Negative Turn
November 1, 2011, 5:51 AM
OMAHA, NE -
For the first time in nearly two years, the overall Business Conditions Index for a nine-state region of the Midwest and Plains took a negative turn.
Tuesday's report on the survey of supply managers and executives says the index dropped to 49.9 in October, compared with 52.2 in September.
Organizers say any survey score above 50 suggests growth while a score below 50 suggests decline for that factor.
Creighton University economics professor Ernie Goss oversees the survey. He says one reading slightly below a growth-neutral 50 doesn't signal a recession. But Goss says the October figure is evidence that the weakness in the national economy has hit the regional economy.
The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
3/3/2015 1:56 PM
Scott Adelman paid $70,000 for a 4,500-square-foot brick home in Fargo, but he has to move it out to nearby Horace.
2/27/2015 10:21 AM
Paul Ell of Big Lake, MN snagged a 11.6-pound, 29.5-inch walleye after 6 p.m. Thursday night.
2/27/2015 10:44 AM
A former Sioux Falls teacher pleads guilty to sexual contact charges for a relationship she had with a student.
2/25/2015 7:50 AM
Prince Edward Island in Canada is one of many provinces and states along the East Coast dealing with record snowfall.
3/1/2015 5:47 AM
Temperatures this morning are mostly in the single digits and teens with clouds moving out of the area. Some areas of southern KELOLAND could see some...