Survey Shows Sluggish Midwest, Plains Economy

OMAHA, Neb. (AP) — An economist says an August economic survey in nine Midwest and Plains states suggests slow to no growth in the region, but not a return to recession.

The survey report released Thursday says the Business Conditions Index dropped to 52 in August from 54.1 in July.

Creighton University economist Ernie Goss oversees the report. He says that despite healthy economic growth tied to agriculture, the region is being harmed by cuts in business, consumer and local governmental spending.

The survey of supply managers and executives uses a collection of indexes ranging from zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. pat says:

    Good old PC response,” geee if we just spent more money we wouldn’t be broke and in a recession”. A true economist, say lliike a mom, would know you can[‘t spend your way to wealth We are in a recession because there is too much govt regulatiopn impeding job growth..

  2. This guy says:

    @ Pat
    Pretty sure my mom would say “evening out income and corporate taxes would drive property taxes down and providing hiring incentives would encourage investment and job growth.” FWIW.

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