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Regional Economy Improves

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Regional Economy Improves

After declining in October to its lowest level since 2012, the monthly Mid-America Business Conditions Index, a leading economic indicator for a nine-state region, increased for November.

The Business Conditions Index, which ranges between 0 and 100, rose to a tepid 51.2 from October’s growth neutral 50.0.

Dr. Ernie Goss, director of Creighton University’s Economic Forecasting Group says problems are moving from the rural areas to the cities…

 

After falling below growth neutral for October, the region’s employment gauge expanded above the threshold for November. The index jumped to 51.2 from 48.2 in October. Goss says that still translates to slow job growth in the months ahead…

 

Looking six months ahead, economic optimism, as captured by the November business confidence index, expanded to 57.2 from October’s 56.0.  Goss said “The temporary resolution of the debt ceiling and the re-opening of the federal government had a positive impact on supply managers’ outlook.”

 

Goss says the lack of a farm bill is starting to have an effect too…

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