Omaha, Nebraska — The Creighton survey of Midwest purchasing managers for September shows the overall measure dropped again.
Economist Ernie Goss says they measure the status of the states on a zero to 100 scale, with 50 representing growth neutral.
He says it is the lowest number since June of 2020. Iowa’s individual state index was to 50-point-nine in September, down from 55-point-seven in August. Goss says the same issues continue to be a drag on the economy.
The other concerns were higher input costs, global recession, and the lowest and reading was higher interest rates. The regional employment is still down seven tenths of one percent.
Goss says we’re seeing less and less inflationary pressures and he expect that to impact interest rates.
Goss says we’re still seeing a recession.
Goss says gasoline prices are probably going to be moved a bit higher, as the federal government gets out of the oil selling business from the emergency reserve.
