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Cedar Rapids, Iowa 52401
Survey says: Midwest economy still sluggish
Associated Press
Sep. 1, 2011 7:22 am
An economist says an August economic survey in nine Midwest and Plains states suggests slow to no growth in the region, but not a return to recession.
The survey report released Thursday says the Business Conditions Index dropped to 52 in August from 54.1 in July.
Creighton University economist Ernie Goss oversees the report. He says that despite healthy economic growth tied to agriculture, the region is being harmed by cuts in business, consumer and local governmental spending.
The survey of supply managers and executives uses a collection of indexes ranging from zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
Construction continues on a 10,000-square-foot secure addition being constructed on the back side of the terminal at the Eastern Iowa Airport for the facility's new baggage handling system Wednesday, Aug. 17, 2011 in Cedar Rapids. The project is part of an $8.2 million phase of a terminal modernization program that began in 2008 with improvements to the C Concourse. (Brian Ray/The Gazette)

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