Omaha, Nebraska — Iowa’s economy saw a slight gain during October, while the Midwestern economy dipped, according to the monthly survey of business leaders and supply managers across the nine-state region.
Creighton University economist Ernie Goss says the Business Conditions Index, a leading economic indicator for the Midwest, is measured on a zero-to-100 scale with 50 being growth neutral. The region’s economy slipped a full point, from 52-point-5 in September to 51-point-5 in October.
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Iowa’s economy is just below growth neutral, meaning it’s shrinking, but did show a glimmer of growth, rising from 48-point-5 in September to 49-even in October. Goss says the survey quizzed supply managers on what they saw as the largest challenge facing the…
