1 min read

Report: Midwest Economic Index Rose Slightly In January

Associated Press0

OMAHA, Neb. (AP) — A new report says a monthly economic survey index for nine Midwestern and Plains rose slightly in January.

The survey report issued Monday says the overall Mid-America Business Conditions Index climbed to 54.8 last month from 54.4 in December.

Creighton University economist Ernie Goss, who oversees the survey, says growth for companies outside of energy and agriculture will more than offset expected declines in those sectors.

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 economic growth, while a score below that suggests decline.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.
Website http://ap.org/

Related Posts