The Heartland economy continues to exhibit sustained growth – but will it continue?

July 24, 2018 – According to Creighton’s monthly survey of supply managers and procurement experts in nine Heartland states today, economic growth remains in a very strong range – even with elevated inflationary pressures. Exports and imports remained healthy.

soybeans

As reported by Ernie Goss, Ph.D., director of Creighton University’s Economic Forecasting Group and the Jack A. MacAllister Chair in Regional Economics in the Heider College of Business, “The current trade skirmish/war has the potential to widen the economic performance gap between rural and urban areas. China’s retaliatory tariffs on $34 billion worth of U.S. goods are directly aimed at rural regions of the nation that produce soybeans, cotton, rice, sorghum, beef, pork, dairy, nuts and produce.

Prof. Goss continued with his report that, “Not surprisingly, soybean prices have tumbled by $2 per bushel over the past week. Other ag commodity prices are under downward pressures.” Historically, the first casualty of a trade war is agriculture, and agriculturally dependent areas of the nation.”

Fred Baehner, IBNewsmag publisher, said, “With the July export/Import index due out August 1st, I expect to see a slowing of this sustained growth from the past 28 months.”

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