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Survey shows economic growth in Mid-America
Creighton University Economist Ernie Goss says the monthly Business Condition index shows growing strength in the regional economy. The nine-state region includes Iowa, Missouri, Nebraska, North Dakota and South Dakota.
The monthly survey of supply managers had an overall index in April – reaching 60 on a scale of 100. It was the fifth monthly consecutive increase. Goss says an index over 50 indicates economic expansion over the next three to six months.
Goss says “despite higher energy prices, manufacturers – especially those tied to international markets and agriculture – expanded briskly for the month.”
Goss says heavy manufacturing – with export-oriented manufacturers leading the way – continues to be the driver in the region’s economic growth.
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