Report: Midwest Economic Index Dips Again
A monthly economic survey index for nine Midwestern and Plains states has dipped again.
A survey report issued Monday says the overall Mid-America Business Conditions Index fell in November to 51.3 from 51.8 in October. September's figure was 54.3.
After rising in June to its highest level in more than three years, the overall reading has hovered in a range pointing to much slower growth for the overall regional economy over the next three to six months.
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 economic growth, while a score below that suggests decline.
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.