Report Predicts More Growth for Minnesota’s Economy
The latest Mid-America Business Conditions Survey continues to predict growth for Minnesota’s economy.
The respected survey of business supply managers put Minnesota’s overall economic index for February at 64.7, which was up over four points from January. Any reading above 50 is a predictor of future growth and the state’s Index is now been above 50 for 27 consecutive months.
Despite the healthy outlook, the author of the report noted average weekly wages in Minnesota have grown by an “anemic” half a percentage point in the past year.