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Positive But Slower Economic Growth

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Positive But Slower Economic Growth

The monthly Mid-America Business Conditions Index, a leading economic indicator for a nine-state region, dipped slightly for the month of May. The index continues to point to positive, but somewhat slower economic growth for the region in the next three to six months.

Dr.Ernie Goss, director of Creighton University’s Economic Forecasting Group said the numbers show some growth ahead……

Goss said it appears there will be job growth, but it will be slow……   Goss says looking ahead six months, economic optimism, as captured by the May business confidence index, declined to 59.4 from 59.9 in April. ……

The Creighton Economic Forecasting Group has conducted the monthly survey of supply managers in nine states since 1994 to produce leading economic indicators of the Mid-America economy. States included in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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