Economic conditions in Kansas improved in March according to a Creighton University monthly survey of supply managers.
Kansas’ Business Conditions Index moved up to 55.3 from 53.7 in February. An index score of 50 or more indicates an expanding economy in the next three to six months. The index includes measures such as new orders, production and sales, employment and inventories.
Creighton professor Ernie Goss, the survey’s author, said in a news release that growth among the state’s durable goods producers pushed Kansas’ overall index higher.
Goss also said improving employment in the state should lead to a drop in the unemployment rate of below 6 percent for the first time since 2008.
The Business Conditions Index for the nine-state Mid-America region increased slightly to 58.6 in March, up from 58.4 in February.