Midwest economic survey indicates slow growth - KTIV News 4 Sioux City IA: News, Weather and Sports

Midwest economic survey indicates slow growth


A survey of supply managers in nine Midwest and Plains states, including Iowa, Nebraska and South Dakota, suggests the regional economy will grow slowly over the next three to six months, if at all. The Business Conditions Index dropped to 50.0 in December, down from 52.6 in November.

A score above 50 suggests economic growth while a score below 50 suggests decline. The Creighton University economist who oversees the study says surveys over the past several months indicate that slowdowns in the national and global economies are putting downward pressure on the regional economy.

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