Business

Kansas’ economic conditions show slight improvement in February

Kansas’ Business Conditions Index moved up to 52.3 from 50.7 in February. An index score of 50 or more indicates an expanding economy in the next three to six months.
Kansas’ Business Conditions Index moved up to 52.3 from 50.7 in February. An index score of 50 or more indicates an expanding economy in the next three to six months. File photo

Economic conditions in Kansas improved in February, according to a Creighton University monthly survey of supply managers released Tuesday.

Kansas’ Business Conditions Index moved up to 52.3 from 50.7 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 surveys in the past few months show gains in manufacturing jobs, “but at a very slow pace.”

“These slight gains will spill over into the broader state economy with moderate job gains for the overall state economy,” Goss said.

The February Business Conditions Index for the nine-state Mid-America region moved above 50 for the first time since July 2015.

It rose from 48.3 in January to “a still soft 50.5,” Goss said.

“A strong U.S. dollar and weakness among the nation’s chief trading partners remains a restraint on regional growth,” he said.

The report’s Mid-America region comprises Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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