Newspaper article The Topeka Capital-Journal

Midwest Economy Appears Stuck in the Doldrums, Index Suggests

Newspaper article The Topeka Capital-Journal

Midwest Economy Appears Stuck in the Doldrums, Index Suggests

Article excerpt

The Midwest appears stuck with little growth for the next few months, according to one index.

Ernie Goss, an economist at Creighton University who compiles the Mid-America Business Conditions Index, said it over-samples manufacturers. That means it may not reflect conditions in areas that are less dependent on manufacturing, though economic weakness in one area can spread to another.

The nine-state Midwest region's reading fell to 40.7 in November. The index is on a scale of 0 to 100, and anything above 50 indicates growth is likely in the coming months. Goss said the main factors behind the slump were the strong U.S. dollar and global economic weakness, which both reduce demand for American products overseas. Falling prices for oil, natural gas and agricultural commodities also haven't helped, he said. …

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