Economic index shows slight drop in outlook for Kansas
08/01/2013 9:41 AM
08/02/2013 7:03 AM
An index of Kansas business conditions fell slightly to 57.3 from 58.6 in July, according to the monthly Mid-America Business Conditions Index, a regional economic indicator. A number above 50 indicates expansion.
In the index, which is produced by Creighton University, new orders were rated at 76.8, production or sales were at 65.0, employment was at 61.2, delivery lead time was at 43.8 and inventories were at 39.6.
“Kansas food processing firms are experiencing healthy growth in sales and employment,” said Ernie Goss, director of the university’s economic forecasting group. “Other nondurable goods producers and durable goods manufacturing firms, except for transportation-equipment manufacturers, reported healthy expansions for July. Slower global economic growth is having a negative impact on firms selling aboard.”
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