NORMAN — If you want to know how the economy is doing, ask the people who do the purchasing for businesses.
That’s what the Mid-America Business Conditions index, based at Creighton University in Omaha, does each month. Surveyors call business leaders and supply managers and inquire as to current conditions.
In March, the index for the Midwest spiked to 58.2 compared to 53.1 in February and 53.2 in January.
That’s a significant jump, considering the issues of the day: Impending federal budget cuts and Congressional bickering over the budget. The AP reports that Creighton University economist Ernie Goss, the survey’s coordinator, credits the index jump to “the strongest new-orders growth in two years.”
Survey organizers say any score above 50 suggests growth while a score below 50 suggests decline for that factor. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota. For Oklahoma, the index jumped in March to 60.0, compared with 52.5 in February.