The economies in Oklahoma and 8 other Midwest and Plains states are improving but remain weak according to the latest Mid-America Business Conditions Index report.
Issued by Professor Ernie Goss at Creighton University, the index indicated the overall economic index for the region rose to 46.5 in November from 43.8 in October. Goss, an economics professor anticipates the overall regional economy to continue to underperform the national economy because of the heavy dependence on energy and farming.
His survey covers Oklahoma as well as Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
He surveys supply managers and the results are compiled into indexes ranging from zero to 100. Any score above 50 suggests growth while a score under 50 indicates a decline in the economy and demand for goods.