Report: Kansas business conditions improve in November
12/03/2012 10:09 AM
12/03/2012 10:10 AM
Kansas’ economic activity picked up in November, according to a Creighton University index based on a regional, monthly survey of supply managers.
The Mid-America Business Conditions Index for Kansas moved to 51.3 in November from 47.9 in October, according to a Creighton news release on Monday.
An index score of more than 50 indicates an expanding economy over the next three to six months. The index is based on new orders, production or sales, employment, inventories and delivery lead time.
Still, Creighton professor Ernie Goss, who created the index, described the growth as tepid in the release.
“For 2012, Kansas has added both durable and nondurable manufacturing jobs, but at a slow pace,” Goss said. “Gains, however, were greater for durable goods producers as food-processing pullbacks pulled the nondurable goods sector numbers lower.”
Goss said higher agricultural commodity prices will continue to be a drag on food processors, making for “a very slow pace” of economic expansion in Kansas.
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