Mid-America Business Index: Supply Disruptions to Worsen

The Creighton University Mid-America Business Conditions Index, a leading economic indicator for the 9-state region stretching from Minnesota to Arkansas, rose above growth neutral for the 23rd straight month. The Business Conditions Index, which uses the identical methodology as the national Institute for Supply Management (ISM) and ranges between 0 and 100 with 50.0 representing growth neutral, sank to a still healthy 65.9 from March’s very strong 71.3. “Creighton’s monthly survey results indicate the region continues to add manufacturing activity at a healthy pace but with significant inflationary pressures. Supply chain disruptions and labor shortages remain as chief challenges for firms in the region,” said Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group and the Jack A. MacAllister Chair in Regional Economics in the Heider College of Business. READ FULL ARTICLE>>