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: After 27 months of above growth neutral readings for the Minnesota Business Conditions Index, the reading moved to the neutral threshold for March. The overall index slumped to 50.0 from February’s much healthier 64.7. Components of the index from the March survey of supply managers were new orders at 58.6, production or sales at 40.7, delivery lead time at 50.0, inventories at 47.1, and employment at 51.1. “Forty-one states experienced faster export growth over the past nine years than Minnesota. Furthermore, Minnesota is less dependent on the sale of products abroad than the rest of the nation. Thus, the rising value of the U.S. dollar, making U.S. goods less competitively priced abroad, represents a moderate economic challenge for the Minnesota economy going forward. The state’s chief trading partner is Canada and its number one exported product is computers and electronic equipment,” said Goss.