Minnesota Economic Indicators Point to More Growth
Undated (KROC-AM News) - The new Mid-America Business Conditions Index suggests Minnesota’s economy will continue to benefit from a strong manufacturing sector into this summer. The respected monthly report put the states overall index in March at 61. That is up 3.4-points from February’s already strong reading and is the highest the index has been since last August. Readings above 50 are considered an indicator of continued economic growth.
Every component of Minnesota’s index was in a range that is either considered a robust or strong last mile. The highest reading was in production or sales at 66.7, followed by new orders at 65.1. The employment index was 57, which was down about 5-points from February.
The report notes, in light of President Trump’s new steel and aluminum tariffs, that Minnesota is ranked as the top exporter in the 9-state region and overseas shipments support about 144,500 jobs in the state.
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