Sign up for Enews

Enter your e-mail address to receive our free monthly e-newsletter.

Midwest Economic Report Forecasts Possible Slump for Region, Arkansas - Innovate Arkansas

Midwest Economic Report Forecasts Possible Slump for Region, Arkansas

By Associated Press, 12/3/2012 10:24:00 AM

A monthly economic index report suggests an economic slump will continue over the next three to six months for nine Midwest and Plains states, including Arkansas.

The Mid-America Business Conditions index rose slightly in November to a weak 48.0 from 46.5 in October. The figure was 50.4 in September.

The survey of business leaders and supply managers uses a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth while a score below 50 suggests decline for that factor.

Creighton University economist Ernie Goss oversees the survey, and he says it is tracking "economic weakness, particularly for nondurable-goods producers."

In Arkansas, the November overall index rose to a weak 45.4 from 42.3 in October. Components of the index were new orders at 39.6, production or sales at 41.9, delivery lead time at 50.1, inventories at 50.1 and employment at 45.0. Arkansas has lost manufacturing jobs in 2012.

However, said Goss, the losses in the state's nondurable-goods sector were almost equal to the gain for the state's durable-goods producers. "Our November survey indicates that pullbacks among nondurables continue to outweigh advances for durable-goods manufacturers," he said.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, rewritten, broadcast or distributed.)

Latest News

  • John James Looks to Make New Mark With Hayseed

    Hayseed, which moved into the Old Post Office building on the downtown Fayetteville square, hopes to raise $6 million to help the next generation of Acumens. James said Hayseed has already partnered with four startups and is consulting a fifth.

    Read More »

  • Startup Apptegy Aims to Improve School Communication

    In today’s digital age, schools now send out text alerts notifying parents of weather-related closures and more; they post student success stories on Facebook; they tweet, they update websites and smartphone apps. Apptegy, the Little Rock startup from Jeston George, has meshed all those communication channels into one platform to make technology more accessible for schools trying to deliver many messages, many ways.

    Read More »

  • Harrison's ReBounces Puts Extra Life Into Tennis Balls, Courts

    ReBounces, founded in 2008 and one of the first startups affiliated with the Innovate Arkansas program, developed a way to repressurize old tennis balls and give them new life. Its patented Green Tennis Machine is a bulk repressurization system specifically designed for clubs that go through a lot of practice balls.

    Read More »

  • Jeannette Balleza Collins on the Agility of Arkansas Startups

    Jeannette Balleza Collins is a freelance strategic consultant with Scribe Marketing, which she founded in 2004, as well as the manager of the Tonic NWA Fund, an angel investment fund she co-founded.

    Read More »