A monthly economic survey index for nine Midwestern and Plains states suggests economic growth in the region will slow down in the months ahead.
A survey report issued Wednesday says the overall September index dropped nearly three points to 54.3, from 57.2 the previous month.
Creighton University economist Ernie Goss, who oversees the survey, says a drop in grain prices over the past year has led to a pullback in economic activity for the heavily agrarian region.
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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