Survey Report Suggests Midwest Economy Still Steaming Ahead

by Associated Press  on Friday, Jun. 1, 2018 7:53 am   1 min read

OMAHA, Neb. — A report says a business conditions index for nine Midwest and Plains states has jumped to its highest level in 14 years.

The report released Friday says the Mid-America Business Conditions Index hit 67.3 last month, compared with 64.5 in April. The March figure was 62.1.

Creighton University economist Ernie Goss oversees the survey, and he says the economy's strength will be tested by trade skirmishes and other factors that could slow growth.

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.

The May overall index for Arkansas rose to 66.2 from April's 59.6. Components were new orders at 77.9, production or sales at 70.9, delivery lead time at 58.8, inventories at 57.6 and employment at 66.1.

Over the past 12 months, the Arkansas economy has added 1,200 durable-goods manufacturing jobs for a growth of 1.6 percent and added 1,900 nondurable-goods manufacturing jobs for a growth of 2.3 percent.

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