Midwest Economy Shows Positive Gains

A big jump in a monthly survey index suggests
more economic growth is ahead for nine Midwest and Plains states.
The Business Conditions Index rose to 55.9 in January, compared
with 50.0 in December.
Creighton University economist Ernie Goss says the December
report suggested the region’s economy was slowing down because of
debt concerns in Europe and the lukewarm U.S. economy. But he says
it appears now that December’s "tepid reading was due to seasonal
or nonrecurring factors."
The survey uses a collection of indexes ranging from zero to
100. Goss says that any score above 50 suggests growth while a
score below 50 suggests decline for that factor.
The survey of supply managers covers Arkansas, Iowa, Kansas,
Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South
Dakota.