PIERRE, (KCCR) — The August Mid America Business conditions index continues to cautiously warn of possible trouble ahead for the middle part of the country. Creighton University economics professor Ernie Goss says the overall index grew but remains out of growth range…
Goss says nearly half of supply managers engaging in the survey think a recession is on the way…
Goss says any recession is taking it’s sweet time developing…
South Dakota’s Business Conditions Index fell from 43-point-nine to 43-point-three in July. The survey is scaled from zero to 100 with 50 at growth neutral. New orders were at 45-point-one with production or sales at 46-point-seven. Delivery lead time is above growth neutral at 50-point-eight with inventories at 49-point-nine and employment at 43-point-zero. Manufactured exports in South Dakota expanded by seven-poin-six percent from one-point-one billion in the first half of 2022 to one-point-two billion in the same period this year. Processed food, South Dakota’s leading manufacturing export fell to three-point-four percent from 2022 to 2023.
