Midwest economic index inches up again
OMAHA, Neb. (AP) — A monthly economic index for nine Midwestern and Plains states has inched up again, suggesting more economic growth over the next three to six months.
A report issued Tuesday says the overall Mid-America Business Conditions Index rose to 60.6 in June from 60.5 in May, hitting another three-year high.
Looking six months ahead, the business confidence portion of the overall index rose to 63.6 from 62.5 in May.
Creighton University economist Ernie Goss compiles the report. The survey results from supply managers 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
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