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April Economic Report Suggests Slow Growth Ahead In Midwest

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A new monthly survey report says April results suggest that slow economic growth remains ahead for nine Midwestern and Plains states.

The survey report issued Friday says the overall Mid-America Business Conditions Index rose to 52.7 last month from 51.4 in March.

Creighton University economist Ernie Goss oversees the survey, and he says rising economic expectations from non-energy firms, resulting from lower energy prices, "more than offset economic pessimism stemming from weakness in firms directly tied to energy."

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.

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