Midwest economic confidence level drops in survey
Published: 08/02/10 - 12:58pm Written by Dick PryorOMAHA, Neb. (AP) - Despite positive economic signs in nine Midwest and Plains states, fewer of the supply managers surveyed for the July Business Conditions Index are confident about the regional recovery. In the Mid-America report released Monday, the July confidence index dropped to 54.8, its lowest level since February 2009. The overall index dipped to 60.8 from 62.5 in June and 64.2 in May.
The report uses a collection of indexes that range from zero to 100, and any score above 50 suggests economic growth in the next three to six months. The report is overseen by Creighton University economist Ernie Goss. States included in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.


