Iowa Economic Outlook from Creighton University Business

Creighton University Business : Economic Outlook For the month of May 2010, reported June 1, 2010.

For the fifth straight month, Iowa’s Business Conditions Index climbed above growth neutral. The index, a leading economic indicator from a survey of supply managers, slipped to a to regional high 70.3 from 70.5 in April. Components of the overall index for May were new orders at 81.1, production or sales at 81.0, delivery lead time at 68.3, employment at 67.4, and inventories at 53.6. “Iowa’s economy has begun adding jobs. Since the beginning of the recession, Iowa has lost more than 51,000 jobs. Based on the latest state job data and Iowa’s recovery from the 2001 recession, I do not expect Iowa to fully restore these lost jobs until September 2012,” said Goss.

Click here to go to the May report from Creighton economist Ernie Goss -