Minnesota: July’s survey results mark the 20th straight month Minnesota’s Business Conditions Index, or leading economic indicator, has remained above growth neutral. The index decreased to a regional high of 66.4 from June’s 70.1, also a regional high. Components of the index from the July survey of supply managers in the state were new orders at 77.5, production or sales at 77.9, delivery lead time at 61.0, inventories at 57.1, and employment at 58.4. “Durable goods manufacturers, including metal producers, and nondurable goods manufacturers, especially food processors, supported a healthy reading for the month of July. Even with solid job growth in the state, average weekly wage growth for workers in the state over the past year expanded at an anemic 1.2 percent, well below the rate of inflation,” said Goss.