- Associated Press - Wednesday, June 1, 2016

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 an expanding economy over the next three to six months.

Here are the state-by-state results for May:

Arkansas: The state’s overall index rose in May to 52.7 from April’s 49.5. Components of the index were new orders at 50.1, production or sales at 52.3, delivery lead time at 53.0, inventories at 56.3, and employment at 52.0. “A 19 percent decline in exports over the past two years contributed to the state’s recent slower economic growth,” said Goss.

Iowa: Iowa’s overall index climbed last month to 53.2 from 50.1 in April. Components of the index were new orders at 50.0, production or sales at 52.2, delivery lead time at 52.3, employment at 51.7 and inventories at 51.7. Goss said a 6.2 percent decline in exports over the past two years contributed to Iowa’s recent slower economic growth.

Kansas: The state’s overall index inched up to 49.7 from 48.9 in April. Components of the index were new orders at 49.4, production or sales at 51.5, delivery lead time at 49.4, employment at 49.8, and inventories at 48.6. Goss said Kansas has experienced a 14.6 percent drop in exports over the past two years.

Minnesota: Minnesota’s overall index jumped to 54.3 in May from 49.8 in April. Components of the index were new orders at 50.5, production or sales at 52.7, delivery lead time at 54.8, inventories at 60.2 and employment at 53.2. “A 6.6 percent decline in exports over the past two years contributed to the state’s recent slower economic growth,” Goss said.

Missouri: The state’s overall index rose to a regional high of 57.0 last month from April’s 50.1. Components of the index were new orders at 51.1, production or sales at 53.4, delivery lead time at 58.1, inventories at 67.1 and employment at 55.2. “In 2015 Missouri ranked sixth in the nine-state region with exports per manufacturing worker of $52,000. However, contrary to the rest of the region and nation, Missouri experienced a 1.9 percent increase in exports over the past two years,” Goss said.

Nebraska: Nebraska’s overall index hit 52.4 last month, compared with 50.2 in April. Components of the index were new orders at 50.0, production or sales at 52.2, delivery lead time at 52.3, inventories at 55.4 and employment at 51.8. Last year Nebraska ranked second in the nine-state region with exports per manufacturing worker of $67,000. A 12 percent decline in exports over the past two years contributed to the state’s recent slower economic growth, he said.

North Dakota: The state’s overall index plunged to a regional low of 40.9 last month from 47.2 in April, also a regional low. Components of the index were new orders at 47.2, production or sales at 49.3, delivery lead time at 41.2, employment at 40.1 and inventories at 26.1. “In 2015 North Dakota ranked first in the nine-state region with exports per manufacturing worker of $151,000,” Goss said. A 12.6 percent decline in exports over the past two years has “contributed to the state’s recent economic pullback,” he said.

Oklahoma: After 12 straight months with an overall index below growth neutral, Oklahoma’s index rose in May to 51.4 from 49.4 in April. Components of the index were new orders at 49.8, production or sales at 52.0, delivery lead time at 51.3, inventories at 52.9 and employment at 51.1. A 24 percent decline in exports over the past two years has contributed to the state’s recent slower economic growth, said Goss.

South Dakota: The state’s overall index rose to 53.8 in May from 51.6 in April. Components of the index were new orders at 50.3, production or sales at 52.6, delivery lead time at 54.4, inventories at 59.0 and employment at 52.8. Goss said a 13.4 percent decline in exports over the past two years contributed to the state’s recent slower economic growth.

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