Monday, December 03, 2012

Mid-America Leading Economic Indicator Improves:But Still Points to Sluggish Economy

November survey results at a glance:

• The leading economic indicator remains below growth neutral for the fourth time in past five months.

• November gains for Iowa, North Dakota and Oklahoma, but losses elsewhere.

• Economic confidence plummets for November.

• Almost one-third of supply managers expect no increase in pay for next year.

• Supply managers have raised expected wholesale price growth by for next year by two percentage points since May.

OMAHA, Neb. – For the fourth time in the past five months, the monthly Mid-America Business Conditions Index, a leading economic indicator for a nine-state region, remained below growth neutral. The index continues to point to slightly negative growth for the region in the next three to six months.

Overall index: The Business Conditions Index, which ranges between 0 and 100, climbed to a weak 48.0 from October’s 46.5.

Interview with Professor Goss discussing survey results:

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