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Key Indicator Points to Midwest Economic Growth

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OMAHA, Neb. (AP) __ A key indicator in a monthly economic survey covering nine Midwestern and Plains states has slipped slightly but still points to growth over the next few months.

According to a report released Friday, the Business Conditions Index for the Mid-America region dropped to 61.4 last month from 63.2 in February. The survey of supply managers and executives and the report use a collection of indexes ranging from zero to 100. Organizers say any score above 50 suggests economic growth in the next three to six months, while a score below 50 suggests a contracting economy.

States in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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Online: Creighton Economic Forecasting Group:

http://www.outlook-economic.com

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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