- Associated Press - Thursday, September 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 August:

Arkansas: The state’s overall index inched up to 47.5 last month from 47.3 in July. Components of the index were new orders at 43.5, production or sales at 44.4, delivery lead time at 53.6, inventories at 52.3 and employment at 44.0. Job losses for durable-goods producers more than offset gains for nondurable-goods manufacturers for July, Goss said.

Iowa: Iowa’s overall index in August rose to 48.3 from July’s 47.9. Components of the index were new orders at 43.7, production or sales at 44.6, delivery lead time at 55.8, employment at 44.6 and inventories at 53.1. “Metal manufacturers and agricultural machinery producers continue to experience pullbacks in economic activity,” Goss said. On the other hand, he said, food processors are boosting production and employment.

Kansas: The state’s overall index improved to 47.6 last from 47.0 in July. Components of the index were new orders at 43.5, production or sales at 44.4, delivery lead time at 52.1, employment at 44.1 and inventories at 53.9. Gains for food processors and aircraft and related manufacturing were more than offset by losses for machinery manufacturers, Goss said.

Minnesota: Minnesota’s overall index dropped below growth neutral to 49.4 in August from 51.2 in July. Components of the index were new orders at 44.0, production or sales at 44.8, delivery lead time at 59.0, inventories at 54.1, and employment at 45.4. Business losses for metal manufacturers and machinery producers more than offset gains for computer and electronic product manufacturers and food processors in the state, he said.

Missouri: The state’s overall index sank to 48.5 from 52.3 in July. Components of the index were new orders at 43.8, production or sales at 44.6, delivery lead time at 56.4, inventories at 52.9 and employment at 44.7. “Business dips were reported by metal producers, machinery manufacturers, and computer and electronic manufacturers,” Goss said. “These losses more than offset gains for vehicle manufacturing.”

Nebraska: Nebraska’s overall index inched up to 47.3 in August from July’s 47.0. Components of the index were new orders at 43.5, production or sales at 44.3, delivery lead time at 53.2, inventories at 43.9 and employment at 43.9. “Firms linked to agriculture such as farm equipment manufacturers and metal producers continue to shed jobs and economic activity,” Goss said. “On the other hand, food processors in the state are expanding jobs and sales at a healthy pace in the state.”

North Dakota: The state’s overall index climbed to 44.0 last month, compared with 40.8 in July. Components of the index were new orders at 48.8, production or sales at 44.3, delivery lead time at 48.9, employment at 43.7 and inventories at 49.5. “Manufacturing in the state linked to agriculture and energy continue to experience significant economic headwinds,” Goss said. “On the other hand, the headwinds have clearly diminished over the last few months,” he said.

Oklahoma: Oklahoma’s overall index sank to a regional low of 44.0 in August from 45.2 in July. Components of the index were new orders at 42.8, production or sales at 43.7, delivery lead time at 45.6, inventories at 45.6 and employment at 42.0, “Metal producers and machine manufacturers have cut jobs and experienced downturns in economic activity for many months in the state,” Goss said.

South Dakota: The state’s overall index rose to a regional high of 53.2 last month from 50.2 in July. The index has been above growth neutral for eight straight months. Components of the index were new orders at 44.8, production or sales at 45.7, delivery lead time at 69.4, inventories at 58.2 and employment at 48.0. Growth among the state’s nondurable-goods manufacturers has exceeded that of durable-goods manufacturers, he said.

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