The Mid-America Business Conditions Index for August, a leading economic indicator for a nine-state region stretching from North Dakota to Arkansas, rose slightly from July’s healthy reading.
The Business Conditions Index, which ranges between 0 and 100, improved to 57.2 from July’s 57.0.
Ernie Goss, director of Creighton University’s Economic Forecasting Group, says the index is still in solid growth mode……
The employment index fell below growth neutral for the first time in 2014. The employment gauge slumped to 48.7 from July’s 53.8 and 61.4 in June, which was a two-year high. Goss says there is potential trouble in that number…………
Goss said another concern in the survey was supply problems related to transportation……
Goss says looking ahead six months, economic optimism, as captured by the August business confidence index, climbed slightly to 60.4 from 60.0 in July.
