The July Creighton University Mid-America Business Conditions Index advanced above growth neutral, and to its best level since March 2019. The index is a leading economic indicator for the nine-state region, including Kansas and Oklahoma.
Creighton Economist Ernie Goss says after falling below growth neutral for three straight months, the overall index bounced into positive territory for June and July. The Business Conditions Index, which ranges between 0 and 100, increased to 57.4 from June’s 50.3.
“While the June and July’s readings were much higher than I expected, they provide no grounds for celebration. It will take many more months of above 50.0 readings before the regional economy returns to pre-covid-19 levels,” said Goss.
The Kansas Business Conditions Index for July increased to 59.2 from June’s 45.1. The Index is a monthly survey of supply managers.