OMAHA, Neb. (AP) - An economist says an August economic survey
in nine Midwest and Plains states suggests slow to no growth in the
region, but not a return to recession.
The survey report released Thursday says the Business Conditions
Index dropped to 52 in August from 54.1 in July.
Creighton University economist Ernie Goss oversees the report.
He says that despite healthy economic growth tied to agriculture,
the region is being harmed by cuts in business, consumer and local
governmental spending.
The survey of supply managers and executives uses a collection
of indexes ranging from zero to 100. Any score above 50 suggests
growth while a score below 50 suggests decline for that factor. The
states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska,
North Dakota, Oklahoma and South Dakota.
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Online:
Creighton Economic Forecasting Group:
http://www.outlook-economic.com.
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