Monthly Business Index Dips Again
OMAHA, Neb. (AP) - Figures have plunged in a third straight monthly survey of supply managers in nine Midwest and Plains states, providing more evidence of a slowdown in the region's economy.
A report issued Monday says the overall Mid-American Business Conditions Index dropped to 41.9 last month, compared with 47.7 in September and 49.6 in August.
For Oklahoma the news was even worse. The Business Conditions Index was below growth neutral for a sixth straight month and the monthly survey dipped to 40.1 from 46.2 in September.
Creighton University economist Ernie Goss oversees the survey, and he again cites the strong U.S. dollar and global economic weakness among the reasons for the region's economic slide.
The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests economic growth. A score below that suggests decline.
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
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