Oklahoma's Economy Continues to Slow Down
OMAHA, Neb. (AP) - A second straight monthly survey of nine Midwest and Plains states suggests a slowdown in the region's economy.
A report issued Thursday says the overall Mid-American Business Conditions Index dropped to 47.7 last month, compared with 49.6 in August.
Creighton University economist Ernie Goss oversees the survey, and he cited the strong U.S. dollar and global economic weakness among the reasons for the region's economic slide.
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. A score below that suggests decline.
The September Business Conditions Index for Oklahoma slumped below growth neutral for a fifth straight month. The index from a monthly survey of supply managers in the state, dipped to a weak 46.2 from 48.1 in August.
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
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