Mid-American Money

Contact Information

Dr. Ernie P. Goss
Jack A. MacAllister Chair in Regional Economics
Professor of Economics
Eppley building BA 207
Creighton University
Omaha, NE 68178

Work: (402) 280-4757
Fax: (402) 280-2172
Email: ernieg@creighton.edu

Minnesota

Minnesota: September survey results mark the 22nd straight month Minnesota’s Business Conditions Index has remained above growth neutral. The index slipped to a very healthy 66.3 from August’s regional high of 66.9. Components of the index from the September survey of supply managers in the state were new orders at 73.6, production or sales at 70.5, delivery lead time at 61.8, inventories at 65.2, and employment at 60.5. “Durable goods producers and nondurable goods manufacturers, including food processors, continue to report very healthy growth. Firms in the state with ties to vehicle manufacturing are also expanding at a healthy pace.  For the 12 month period ending in August, government data show that average weekly wages in Minnesota have expanded by a solid 2.6 percent.  Our surveys indicate that wage growth will remain healthy for the last quarter of 2014,” said Goss.