Midwest economy continues to improve

The economy in the Midwest and in Minnesota continues to improve as agricultural and manufacturing businesses grow.
The Star Tribune reported that Minnesota suppliers enjoyed their 20th consecutive month of improvements to employment, sales, production, and inventories in March, despite declines in other parts of the Midwest.
The overall economy in the Midwest remained strong, though, as shown by the Mid-America business conditions index, reported Bloomberg Businessweek. The index had declined to 61.4 in March from February's 63.2, but any index above 50 indicates economic growth.
In Minnesota, fifteen out of eighteen manufacturing sectors reported growth that was significantly above the neutral level, reported the Star Tribune.
The Minnesota index for March was 58.7, reported the Star Tribune. Minnesota's other indexes were high, too: 80.2 for new orders; 72.3 for production/sales; 66.5 for delivery lead time, and 61.9 for inventories.
Economics professor at Creighton University, Ernie Gross, noted that employment in the Midwest continued to grow, reported Bloomberg Businessweek. "Our surveys over the past several months indicate that the region will add another 100,000 by the end of 2011 leaving the region down 379,000 jobs, or 3.0 percent, since beginning of the recession."

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This page contains a single entry by shra0017 published on April 3, 2011 2:05 PM.

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