US Heartland exports still weak. Imports grow, yet business confidence high.

August 6, 2020 – 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, reports that international trade numbers for a 9-state Heartland region were mixed in July with new export orders rising to a sluggish 47.9 from June’s 26.4 and May’s record low of 15.9.

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Imports, on the other hand, rose to 53.9 from June’s 32.0. Any number of 50 or above indicates growth, and below 50 records contraction.

“While the June and July’s overall economy and business confidence readings were much higher than I expected, Prof. Goss said, “they provide no grounds for celebration, it will take many more months of above 50.0 readings before the regional economy returns to pre-covid-19 levels.”

The Heartland region covers the states of Arkansas, Kansas, Iowa, Minnesota, Missouri, Nebraska, Oklahoma and North & South Dakota.

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