March Heartland business conditions, manufacturing and exports continue growth

April 16, 2019 – According to Ernie Goss, Ph.D., Director of Creighton University’s Economic Forecasting Group, the March Creighton University Heartland Business Conditions Index, a leading economic indicator rose to its highest level since August of last year signaling solid growth for the region over the next three to six months.

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“The regional economy continues to expand at a positive pace. However, as in recent months, international trade tension/tariffs and the global economic slowdown restrained even stronger growth. Approximately, 22 percent of supply managers reported that their firm was experiencing negative impacts from recent flooding,” said Prof. Goss.

“Overall manufacturing employment growth in the region over the past 12 months has been very healthy and exceeded that of the nation,” he explained. “However, overall employment growth for the region over the past 12 months at 0.5 percent is well below national job growth of 1.5 percent.”

The regional trade numbers for March continued growth, but with both imports and exports growing more slowly. The new export orders index moved lower to 53.4 from February’s 55.6, and the import index fell to 51.7 from 54.8 in February.

The Heartland states covered in Creighton’s report include Arkansas, Kansas, Iowa, Minnesota, Missouri, Nebraska, Oklahoma, North & South Dakota.

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