OMAHA, Neb. —A January survey of business leaders in nine Midwest and Plains states — including Kansas — suggests that the region's economy is picking up steam.
The Business Conditions Index for the Mid-America region made a healthy jump in January, to 54.7, up from December's 50.3 and November's 47.5.
The index ranges from zero to 100, and any score above 50 suggests economic growth in the next three to six months.
The index for Kansas also rose for the third consecutive month, to a weak 47.4 from 44.8 in December and 42.1 in November.
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"While improvements were recorded for nondurable goods producers, durable goods manufacturing continue to experience downturns in business activity," said Creighton University economist Ernie Goss, the survey's author, in a news release. "I do expect significant upturns in new orders for aircraft producers in 2010 as the global economy expands."
Goss also said that "the likelihood of dipping back into recessionary territory has diminished significantly."
Besides Kansas, the Mid-America survey covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.