Survey Points to Slow Economic Growth in the Midwest

The drought, growing concerns about the U.S. economy, and slowing demand for exports combined to dampen economic growth in August in a Midwest region that includes Kansas and Missouri.

The monthly Mid-America Business Conditions Index, which was released Tuesday, came in below growth neutral for a second month in a row, the first time that’s happened since July 2009. The overall index, compiled by Creighton University in Omaha, rose to 49.7 in August from 48.7 in July. June’s figure was 57.2.

The survey of business leaders and supply managers uses a collection of indexes, including confidence, employment, and wholesale prices, to arrive at an overall rating on a scale of zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. Read more on Kansas City Star

 


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