OMAHA, Neb. (AP) — A new monthly survey of business leaders suggests the economy is slowing down in nine Midwest and Plains states, that include Minnesota, as the U.S. trade war with China continues.
According to a report released today (Monday), the overall index for the region slipped into negative territory at 48.6 in November from October’s 52.6.
The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline.
Creighton University economist Ernie Goss, who oversees the survey, says “Slow global growth and trade skirmishes and wars are negatively affecting growth among manufacturers in the region.”
The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.