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: October survey results mark the 23rd straight month Minnesota’s Business Conditions Index has remained above growth neutral. The index slipped to a very healthy 63.7 from September’s 66.3. Components of the index from the October survey of supply managers in the state were new orders at 65.4, production or sales at 67.4, delivery lead time at 62.2, inventories at 67.0, and employment at 56.9. “Durable goods producers, especially those with ties to vehicle manufacturing, are experiencing strong growth. Nondurable goods manufacturers, including food processors, benefited from an expanding U.S. economy. Growth in construction continues to be a source of state growth,” said Goss. Average weekly wages expanded by 0.9 percent over the past 12 months for private workers in Minnesota.