Report Shows Modest Drop in Minnesota Economic Outlook
Undated (KROC-AM News) - A respected economic report is predicting continued growth for Minnesota's economy.
The latest in America Business Conditions Survey of business supply managers found their confidence diminished a little bit last month when compared to September, but the state’s overall economic index of 56.3 remained well into the range that projects growth. The index in September was 59.4, while the reading last October was a much weaker 48.7. Any reading above 50 considered a predictor of growth.
The strongest component of Minnesota's index last month was production or sales at 64, while the weakest component for a second straight month was employment at only 51.7.
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