Economist: Exports aiding Midwest Economic Growth

OMAHA, Neb. (AP) __ A survey in nine Midwestern and Plains states
suggests that exports are helping fuel regional economic growth.
A report released Wednesday says the Business Conditions Index
for the Mid-America region rose in May, to 60.2 from 57.7 in April.
Creighton University economist Ernie Gross oversees the survey.
He says that although higher commodity prices have hampered the
regional economy, exports are making “a significant contribution
to growth.”
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.

Copyright 2011 by The Associated Press.

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