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NewsNovember 2, 2011

OMAHA, Neb. -- For the first time in two years, the overall Business Conditions Index for a nine-state region of the Midwest and Plains took a negative turn. Thursday's report on the survey of supply managers and executives says the index dropped to 49.9 in October, compared with 52.2 in September...

The Associated Press

OMAHA, Neb. -- For the first time in two years, the overall Business Conditions Index for a nine-state region of the Midwest and Plains took a negative turn.

Thursday's report on the survey of supply managers and executives says the index dropped to 49.9 in October, compared with 52.2 in September.

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Organizers say any survey score above 50 suggests growth while a score below 50 suggests decline.

Creighton University economics professor Ernie Goss oversees the survey. He said one reading slightly below a growth-neutral 50 doesn't signal a recession. But Goss said the October figure is evidence that the weakness in the national economy has hit the region.

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