Survey: Midwest economy slows to a crawl in Sept.
OMAHA, Neb. — Inflation and job losses are weighing on the economy in nine Midwest and Plains states, according to a survey of business executives released Wednesday.
The report also suggested the region’s economy won’t be growing in the coming months. The overall economic index for the region fell to 49.6 last month from August’s 51.4. A score below 50 indicates contraction.
Creighton University economics professor Ernie Goss said business leaders remain pessimistic about their prospects because of problems in the national economy, inflation and job losses electronic check payday advance quick payday loan.
"There is no way that this part of the country can continue to avoid the fallout from the national housing downturn and related mortgage issues," said Goss, who oversees the survey.
The report covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
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