Is Slower Growth Ahead for Minnesota’s Economy?
Omaha, NE (KROC AM News) - A respected economic report found a significant drop in optimism about Minnesota’s economy among business supply managers in March.
The Mid-America Business Conditions Survey put the state’s overall economic index at a growth-neutral 50 last month. Any reading below 50 is an indicator of economic weakness, while readings above 50 are a predictor of economic growth. Minnesota’s index had been above 50 for 27 consecutive months and the reading for February was a robust 64.7.
The production or sales component of the index, which had been among the strongest in recent months, was the weakest in March at just 40.7.