From Creighton's Heider College of Business, September 1:
August Survey Highlights:
• The overall index or business barometer fell in August but remained above growth neutral for the 27th straight month.
• Employment expanded for the month. Approximately one-fourth of supply managers named labor shortages as their firm’s greatest 2022 challenge.
• Even though supply chain disruptions declined in August, almost 6 of 10 supply managers identified disruptions as the major business challenge for the rest of 2022.
• On average, manufacturing supply managers expect a raise of only 3.2% at their next review. This is down from 3.5% recorded last month.OMAHA, Neb. (Sept. 1, 2022) — The Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota to Arkansas, rose above growth neutral for the 27th straight month.
Overall Index: The Business Conditions Index, which uses the identical methodology as the national Institute for Supply Management (ISM) and ranges between 0 and 100 with 50.0 representing growth neutral, dropped to a solid 55.5 in August from July’s 59.8. The Mid-America report is produced independently from the national ISM....
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