- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Ray's of Kelso, Plaza by Ray's to change ownership; Fonn to buy enterprise (04/20/16)3
- Missouri House votes to allow concealed weapons without permits (04/28/16)6
- Cape council approves nearly $1M in park, sculpture projects with little public discussion (04/22/16)37
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Tanker truck catches fire near Oak Ridge (04/24/16)7
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
Missouri's economy improving, index shows
For the 16th consecutive month Missouri's Purchasing Managers' Index (PMI) remained above 50, considered to be one sign of an expansionary economy.
Economists consider the index, which measures such factors as new orders, production, supplier delivery times, backlogs, inventories, prices, employment, import orders and exports, a key economic indicator.
Missouri's PMI for May was 53.6, up slightly from 53.0 in April. Inventories (59.4), new orders (57.4) and production (54.7) contributed positively to the state's score.
Overall, the average for the Mid-America Region was 55.3 in May, up 2.2 points from April.
The national PMI in May remained slightly below the critical 50 mark at 49.4, however, it was up four points from the April score of 45.4. A score below 50 forecasts a sluggish economy for the next three to six months.
The Purchasing Managers' Index is part of a monthly Mid-American Business Conditions Survey, conducted by Creighton University in Omaha, Neb.