Survey Suggests Slower Economic Growth in Midwest, Plains
It's the Lowest Figure in More Than Three Years
OMAHA, Neb. (AP) – A new report says a July survey of business supply managers suggests economic growth will slow over the next three to six months in nine Midwest and Plains states.
The report issued Thursday says the Mid-America Business Conditions index dropped to 52.0 in July from 55.4 in June. It’s the lowest figure in more than three years.
Creighton University economist Ernie Goss oversees the survey, and he blamed the slowdown on weak farm income, produced in part by tariffs and flooding.
The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline.
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.