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: June’s survey results mark the 19th straight month Minnesota’s Business Conditions Index has remained above growth neutral. The index expanded to a regional high of 70.1 from 67.3 in May. Components of the index from the June survey of supply managers in the state were new orders at 80.0, production or sales at 80.8, delivery lead time at 57.7, inventories at 72.4, and employment at 59.6. “There are more workers on Minnesota companies’ payrolls than ever before. Our surveys indicate that this expansion will continue setting a new record each month.  However China’s recent decision to reject the importation of U.S. DDGs, due to concerns over bioengineered corn, is a risk to the state’s bioenergy sector especially if other nations follow suit.  China currently purchases a between one-fourth and one-third of the U.S. output of DDGs that is exported, and Minnesota is the nation’s fourth largest producer of DDGs. Contrary to other food producers in the region, Minnesota’s expanded for the month,” said Goss.