OMAHA, Neb. (AP) - The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions.
The Creighton Economic Forecasting Group uses the same methodology as the national survey to consult supply managers and business leaders. Creighton University economics professor Ernie Goss oversees the report.
The overall index ranges between 0 and 100. Growth neutral is 50, and a figure greater than 50 indicates growth in that factor over the next three to six months. A figure below 50 indicates decline.
Here are the state-by-state results for April:
Arkansas: The state’s overall index sank to 35.1 from March’s 47.3. Index components were new orders at 21.0, production or sales at 36.9, delivery lead time at 68.2, inventories at 23.3, and employment at 26.1.
Iowa: Iowa’s overall index slumped to 34.4 from 45.8 in March. Index components were new orders at 23.7, production or sales at 19.7, delivery lead time at 67.4, employment at 25.6, and inventories at 35.5.
Kansas: The state’s overall index tumbled to 36.3 from March’s 48.3. Index components were new orders at 23.2, production or sales at 39.2, delivery lead time at 69.7, employment at 27.0, and inventories at 22.5.
Minnesota: Minnesota’s overall index sank to 34.8 from March’s 45.5 Index components were new orders at 20.5, production or sales at 23.4, delivery lead time at 67.9, inventories at 22.5, and employment at 26.0.
Missouri: The state’s overall index dropped to 35.1 from 45.3 in March. Index components were new orders at 21.1, production or sales at 23.2, delivery lead time at 68.3, inventories at 37.0, and employment at 26.2.
Nebraska: Nebraska’s overall index declined to 36.0 from 47.8 in March. Index components were new orders at 22.7, production or sales at 22.7, delivery lead time at 69.3, inventories at 38.7, and employment at 26.8.
North Dakota: The state’s overall index plummeted to 35.8 from 46.8 in March. Index components were new orders at 22.3, production or sales at 26.6, delivery lead time at 69.1, employment at 22.8, and inventories at 38.3.
Oklahoma: Oklahoma’s overall index slumped to 34.2 from March’s 45.7. Index components were new orders at 19.3, production or sales at 23.8, delivery lead time at 67.1, inventories at 38.3, and employment at 25.5.
South Dakota: The state’s overall index tumbled to 35.9 from March’s 47.4. Index components were new orders at 22.4, production or sales at 22.8, delivery lead time at 69.2, inventories at 38.4, and employment at 26.7.
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