Midwest Survey Suggests Manufacturing Boosting Economy

Results from a monthly survey of business supply managers suggest manufacturing is boosting economic conditions in nine Midwest and Plains states.

The Mid-America Business Conditions Index report released Wednesday says the overall economic index for the region rose to 60.5 in February from 54.7 in January. It’s the highest figure since April 2014 and the fourth monthly increase in a row.

Creighton University economist Ernie Goss oversees the survey, and he says the increases point to the improving regional manufacturing economy. This is in direct contrast to some area manufacturers who are temporarily laying off employees. Winnebago Industries did so in order to get ready for a summer and fall production schedule which will require many of the workers to return to the lines. Twenty five employees were temporarily laid off in order to make the adjustment.

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth in that factor. A score below that suggests decline.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Leave a Reply

*