Creighton University Economist Ernie Goss released the March 2015 Mid-America Business Conditions Index, which is a leading economic indicator for a nine state region including Nebraska.
The business conditions index ranges from 0 to 100. The index for March sank to 51.4 from February’s 57.0. The regional index, much like the national reading, is pointing to positive but slow growth for the first half of 2015.
Goss says, “That is getting close to growth neutral and moving in the wrong direction but don’t get overly concerned. The numbers are pretty good.” He adds this economy has been limping along since 2009. He says it has been growing from 2% to 2.5% but should be growing twice that.
Goss says the survey results show the hiring gauge improved for the month and the strong dollar failed to restrain export orders.