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Survey Suggests Economic Slowdown for Midwest

OMAHA, Neb. (AP) — A July survey suggests there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states.  A survey report issued Monday says the overall Mid-America Business Conditions Index slumped to 50.6 in July from 53.0 in June.  Creighton University economist Ernie Goss oversees the survey, and he says businesses tied to agriculture and energy "continue to report pullbacks in economic activity, and this is spilling over into the broader regional economy."  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 Kansas, Arkansas, Iowa, 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.