The Mid America Business Conditions Index, which ranges between 0 and 100, sank to 57.0 from June’s very healthy 60.6. Ernie Goss, Ph.D., director of Creighton University’s Economic Forecasting Group conducts the monthly survey.
The employment index for July fell to 53.8 from June’s two-year high of 61.4. Goss said there are a number of factors affecting job growth.
Looking ahead six months, economic optimism, as captured by the July business confidence index, dipped to 60.0 from 63.6 in June. Goss said business managers are seeing a lot of conflict.
The survey is conducted in nine states from North Dakota and Minnesota to Arkansas and Oklahoma.