Economist: Exports Aiding Midwest Economic Growth
June 1, 2011, 5:47 AM
OMAHA, NE -
A survey in nine Midwestern and Plains states suggests that exports are helping fuel regional economic growth.
A report released Wednesday says the Business Conditions Index for the Mid-America region rose in May, to 60.2 from 57.7 in April.
Creighton University economist Ernie Goss oversees the survey. He says that although higher commodity prices have hampered the regional economy, exports are making "a significant contribution to growth."
The survey of supply managers and executives and the report use a collection of indexes ranging from zero to 100. Organizers say any score above 50 suggests economic growth in the next three to six months, while a score below 50 suggests a contracting economy.
States in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
This article has been revised to reflect the following correction:
The Associated Press corrected the spelling of the economist's last name.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
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