Midwest Economic Index dips - KWWL - Eastern Iowa Breaking News, Weather, Closings

Midwest Economic Index dips


OMAHA, NE (KWWL) -- The economic outlook in nine Midwest and Plains states remains positive, but a new report suggests businesses in the region are now less confident in their prospects than they were this spring.

The overall Mid-America Business Conditions index declined to 62.5 in June from May's 64.2. That's the first decline in the past seven months, but the reading remains positive because any score over 50 suggests economic growth in the next three to six months.

The confidence index slipped to 59.4 in June from May's 69 and April's 72.9.

Creighton University economist Ernie Goss says manufacturers and service companies are anticipating growth in the fourth quarter even though the consumer sector remains weak. Goss oversees the report.

Online Anchor:  Bob Waters

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