The economy in a nine-state region that includes Missouri grew at a lackluster pace in January, and more of the same is expected through the first half of 2013, a report released today says.
Creighton University’s monthly Mid-America Business Conditions Index rose into positive territory last month, but just barely. The index had a reading of 53.2 for the month, up from 49.5 in December. Any reading above 50 is considered positive.
The index, based on a survey of supply managers in the region, landed in positive territory in January for only the second time in the last five months. The index reviews employment, wholesale prices, inventories, international trade and other factors affecting manufacturing. The region’s auto manufacturing industry provided one bright spot in January.