The August Creighton University Mid-America Business Conditions Index advanced above growth neutral, and to its highest level in two years. After falling below growth neutral for three straight months, the overall index bounced into positive territory for June, July, and August.
“While the August reading was certainly encouraging, manufacturing activity in the region remains below pre-COVID-19 levels. Creighton’s regional index has been mirroring the national ISM index with reading above growth neutral for June and July. I expect the national number to be above growth neutral for August when it is released later this morning,” said Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group.