Midwest business confidence, manufacturing and exports expanded in January

February 18, 2021 – Creighton’s January monthly survey results for the Heartland followed the national manufacturing survey results.

cutsheet Image Goss
Export cargo vessel

They indicate that the manufacturing sector has been expanding at a solid pace and that business confidence and new export orders rose significantly, according to Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group and the Jack A. MacAllister Chair in Regional Economics in the Heider College of Business.

For eight straight months, Heartland manufacturing and business conditions have improved with new export orders peaking at 62.5 from December’s barely growth rate of 50.1. Prof Goss said, “An expanding domestic manufacturing sector supported an import reading of 52.3 but was down from 63.2 in December.”

The weak dollar propped up exports while weakening imports. It should also be noted that, “The wholesale inflation gauge for the month soared to its highest level in almost 10 years,” noted Prof. Goss.

The Heartland supply managers’ survey Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, Oklahoma, North & South Dakota.

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