Midwest economic index rebounds in November

News

December 1st, 2011 by Ric Hanson

OMAHA, Neb. (AP) – An economic survey index for nine Midwest and Plains states has rebounded, suggesting slow growth in the months ahead. A survey report released Thursday says the overall regional Business Conditions index rose to 52.6 in November, jumping 2.7 percentage points from the 49.9 in October. Organizers say any survey score above 50 suggests growth while a score below 50 suggests decline for that factor. Creighton University economics professor Ernie Goss oversees the survey. He says the regional surveys over the past several months indicate the slowdowns in the national and global economies are pushing down the region’s economy.

The nine states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.