The Creighton University Mid-America Business Conditions Index, a leading economic indicator for a nine-state region stretching from Arkansas to North Dakota, declined for October.
The Business Conditions Index, which ranges between 0 and 100, fell in October to 43.8 from September’s 45.5. This is the fourth straight month the index has moved below growth neutral 50.0.
Ernie Goss, director of Creighton University’s Economic Forecasting Group, says the slowdown could spread….
Goss says the job gauge for October declined to 44.4 from September’s 46.8……..
Goss says businesses also focused on exports……
Goss says looking ahead six months, economic optimism, as captured by the October business confidence index, slumped to a frail 39.7 from 48.5 in September.
