Heartland new export orders grew faster in September

October 17, 2017 – Ernie Goss, Ph.D. Creighton University Jack MacAllister Chair in Regional Economics reported today that regional (Heartland 9 states) new export orders index rose in September to 54.3 from 52.8 in August, while the import index advanced to 53.8 from August’s 50.0. “Expanding regional growth spurred purchases of inputs from abroad, while growth among important trading partners pushed export orders higher for the month,” said Prof. Goss.

cutsheet Image Goss

The overall Business Conditions Index, which ranges between 0 and 100, rose to 58.2 from August’s 57.5. This is the 10th straight month the index has remained above growth neutral, continuing to point to positive growth for the region over the next three to six months.

“The overall index over the past several months indicates a healthy regional manufacturing economy, and points to solid growth for both manufacturing and nonmanufacturing for the rest of 2017,” said Prof. Goss. He has conducted the monthly survey of supply managers in nine states since 1994 to produce leading economic indicators of the Heartland economy. States included in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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