Business

September 2, 2014

Survey: Kansas economy to expand at ‘healthy’ rate

Monthly survey of purchasing managers shows growth over the next three to six months

The Kansas economy can expect to expand at a good rate over the next three to six months, according to the Creighton Economic Forecasting Group, which conducts a monthly survey of supply managers in nine states.

In August, the Kansas Business Conditions Index of leading indicators rose to a healthy 63.8 from 57.2 in July. Anything over 50 indicates an expanding economy over the next several months.

The components of the index were: new orders at 77.0, production or sales at 76.3, delivery lead time at 52.8, employment at 53.6, and inventories at 58.5.

Ernie Goss, director the group, said that economic growth in Kansas will remain positive for the second half of the year. The state’s non-durable goods manufacturers such as food processing and oil refiners continue to expand, although durable goods manufacturers, particularly aircraft, have lost 2,200 manufacturing jobs, a 1.4 percent loss, since coming out of the recession in 2009.

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