Survey shows slight decline in Midwest economic conditions

Published 8:18 am Friday, June 2, 2017

OMAHA, Neb. (AP) β€” A monthly survey of business supply managers suggests a slight decline in the economic conditions for nine Midwest and Plains states, according to a report released Thursday.

The Mid-America Business Conditions Index report said the overall regional economic index dropped to 55.5 in May from 61.4 in April. The March figure was 60.1.

Results are compiled into a collection of indexes ranging from zero to 100. Organizers say scores above 50 suggest growth in that factor, while scores below suggest decline.

β€œThe overall index over the past several months indicates a healthy regional manufacturing economy, and points to healthy growth for both manufacturing and nonmanufacturing through the third quarter of this year,” said Creighton University economist Ernie Goss.