Growth in Iowa economy continues despite lagging employment numbers
BY MICHAEL CRUMB, Senior Staff Writer Tuesday, May 4, 2021 11:04 AM Despite lagging employment numbers, Iowa’s economy grew slightly in April behind strong performance in production and sales and in new orders, according to a monthly survey of supply chain managers released this week.
Creighton University’s Mid-American Business Conditions Index showed that Iowa’s index for April rose to 67.9, from 66.5 in March.
The Business Conditions Index is a mathematical average of indexes for new orders, production or sales, employment, inventories, and delivery lead time. It ranges from between zero and 100, with an index of greater than 50 indicating an expanding economy over the next three to six months.