Midwest economic index hits another 3-year high

(OMAHA, Neb., AP) — A monthly economic index for nine Midwestern and Plains states has inched up to hit another three-year high, suggesting more economic growth over the next three to six months.

A report issued Monday says the overall Mid-America Business Conditions Index rose to 60.5 in May from 60.4 in April, which also was a three-year high.

Looking six months ahead, the business confidence portion of the overall index dropped to 62.5 from 64.2 in April.

The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth, while a score below that suggests decline.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Posted by on June 2, 2014. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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