Thursday, July 01, 2010

Latest Mid-America Survey Points to Growth

Good afternoon,

To see an overview of our latest survey results, click on the following:

June survey results at a glance:
· Leading economic indicator slips, but remains at a healthy level.
· Inflation gauge takes biggest one-month plunge since October 2008.
· Over the past six months, the percentage of supply managers expecting a yearly pay reduction increased from 1 percent to 6 percent.
· Export orders rose to highest level since beginning of the recession in December 2007.

The Business Conditions Index for the Mid-America region dipped slightly to a still healthy level, pointing to an expanding regional economy in the months ahead, according to the June Business Conditions survey of supply managers in the nine-state region.
The index slipped to 62.5 from 64.2 in May. An index of 50.0 is considered growth neutral for the leading economic indicator. This was the seventh straight month that the index has risen above growth neutral, signaling a healthy economic recovery for the regional economy in the months ahead.
Ernie Goss

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