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(Update 10-a.m. w/IA index numbers) Report: Midwest business conditions index slipped in January

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February 1st, 2018 by Ric Hanson

OMAHA, Neb. (AP) — A report says a business conditions index for nine Midwest and Plains states slipped over the past month but still pointed to continuing improvement in regional economic conditions. The report released Thursday says the Mid-America Business Conditions Index dropped to 57.3 in January from 59.0 in December. The November figure was 57.2. Creighton University economist Ernie Goss oversees the survey, and he says manufacturing and other business sectors in the region are adding jobs at a solid pace.

Iowa’s overall index climbed to 58.0 from 54.3 in December. Components were new orders at 67.4, production or sales at 67.8 delivery lead time at 42.2, employment at 51.3 and inventories at 61.1. Both durable- and non-durable goods manufacturing are experiencing growth well above that of the region and the nation. Goss said he expects this growth advantage to continue for the next three to six months..

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth in that factor. A score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.