The Mid-America Business Conditions Index for February, a leading economic indicator for a nine-state region stretching from North Dakota to Arkansas, again points to positive growth in the next three to six months.
The Business Conditions Index, which ranges between 0 and 100, dipped slightly to 57.4 from January’s 57.7.
Dr. Ernie Goss, director of Creighton University’s Economic Forecasting Group said many businesses had problems with the nasty weather…
The employment index dipped slightly to a still solid 55.6 from 56.4 in January.
Goss said companies are adding jobs…
Looking six months ahead, economic optimism, as captured by the February business confidence index, declined to a still strong 59.7 from January’s 62.2. Goss said that suggests continued slow growth…
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.