- Associated Press - Tuesday, March 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 February:

Arkansas: The state’s overall index dropped to 46.1 last month from 50.1 in January. Components of the index were new orders at 46.0, production or sales at 47.6, delivery lead time at 46.7, inventories at 42.4 and employment at 47.8. Over the past 12 months, Arkansas has lost 4,500, or 2.9 percent, of its manufacturing jobs. “Our surveys over the past month indicate these job losses will continue, but at a slower pace in the next three to six months,” Goss said. “These losses will reduce overall state job growth.”



Iowa: Iowa’s overall index inched upward to 51.3 last month, compared with 50.3 in January. Components of the index were new orders at 51.3, production or sales at 53.0, delivery lead time at 52.0, employment at 50.2 and inventories at 49.8. “Our surveys over the past month indicate the manufacturing sector is now gaining jobs, but at a very slow pace,” Goss said.

Kansas: The state’s overall index rose to 52.3 from 50.7 in January. Components of the index were new orders at 52.2, production or sales at 53.9, delivery lead time at 52.9, employment at 48.0 and inventories at 55.0. “Our surveys over the past several months indicate the manufacturing sector is (continuing) to add jobs, but at a very slow pace. These slight gains will spill over into the broader state economy, with moderate job gains for the overall state economy,” Goss said.

Minnesota: Minnesota’s overall index advanced to 52.1 last month from January’s 50.1. Components of the index were new orders at 52.0, production or sales at 53.7, delivery lead time at 52.8, inventories at 52.3, and employment at 49.5. “Our surveys over the past several months indicate the manufacturing sector is now gaining jobs, but at a very slow pace. These slight gains will spill over into the broader state economy, with moderate job gains for the overall state economy through the second quarter,” said Goss.

Missouri: The state’s overall index jumped to 52.3 in February from 47.7 in January. Components of the index were new orders at 52.3, production or sales at 54.0, delivery lead time at 56.3, inventories at 55.3, and employment at 44.2. “Our surveys over the past several months indicate the manufacturing sector is now shedding jobs, but at a very slow pace. I expect recent additions to new orders to translate into jobs gains for the broader state economy, with moderate job gains for the overall state economy through quarter two of this year,” Goss said.

Nebraska: Nebraska’s overall index plunged to 47.2 from January’s regional high of 54.3. Components of the index were new orders at 47.1, production or sales at 48.7, delivery lead time at 57.1, inventories at 43.4 and employment at 39.8. “Over the past 12 months, the state has lost 2,300, or 2.4 percent, of its manufacturing jobs. Our surveys over the past month indicate that these job losses will continue, but at a slower pace in the next three to six months. These losses will reduce overall state job growth close to zero for the state through quarter two of this year,” he said.

North Dakota: The state’s overall index increased to 46.4 from January’s 41.3. Components were new orders at 46.3, production or sales at 47.9, delivery lead time at 56.1, employment at 39.2 and inventories at 42.7. “Over the past 12 months, the state has lost 1,300, or 4.9 percent, of its manufacturing jobs. Our surveys over the past month indicate these job losses will continue, but at a slower pace in the next three to six months. These losses will push overall job growth into negative territory for the second quarter of 2016,” said Goss.

Oklahoma: Oklahoma’s overall index remained below growth neutral for a 10th straight month, plummeting to 39.4 in February from 48.3 in January. Components of the index were new orders at 39.3, production or sales at 40.6, delivery lead time at 47.5, inventories at 36.3 and employment at 33.3. “Over the past 12 months, the state has lost 8,900, or 6.4 percent, of its manufacturing jobs. Our surveys over the past month indicate these job losses will continue, but at a slower pace in the next three to six months.”

South Dakota: For a second straight month, South Dakota’s overall index came in above growth neutral. It hit a regional high of 57.4 in February, compared with 51.3 in January. Components of the index were new orders at 61.1, production or sales at 61.2, delivery lead time at 59.6, inventories at 52.9 and employment at 52.3. “Over the past 12 months, the state has added 400 manufacturing jobs for a slight gain of 0.9 percent. Our surveys over the past several months indicate that the manufacturing sector continues to add manufacturing jobs, but at a very slow pace,” Goss said. “I expect recent additions to new orders to translate into gains for the broader state economy, with moderate job gains for the overall economy through quarter two of this year.”

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