- Associated Press - Wednesday, July 1, 2020

OMAHA, Neb. (AP) - 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 growth in that factor over the next three to six months. A figure below 50 indicates decline.

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

Arkansas: The state’s overall index rose to 50.9 from May’s 43.7. Components of the June index were: new orders at 58.7, production or sales at 55.2, delivery lead time at 47.4, inventories at 54.4, and employment at 38.8. “Since the onset of COVID-19, Arkansas has lost 88,000 jobs, or almost 7% of its employment. Our surveys point to a flattening of employment with only slight job gains in the months ahead,” Goss said.



Iowa: The overall index once again slumped below growth neutral. However, the reading climbed to a weak 47.1 from 41.9 in May. Components of the index were: new orders at 50.2, production. or sales at 56.1, delivery lead time at 43.2, employment at 35.7, and inventories at 50.2. Iowa has lost 161,000 jobs, or approximately 10%, of its employment since the outbreak began earlier this year, Goss said.

Kansas: The state’s index increased to 45.1 from May’s 42.8. Components of the index were: new orders at 57.1, production or sales at 30.1, delivery lead time at 46.6, employment at 38.2, and inventories at 53.6. Kansas has lost more than 108,000 jobs, or approximately 7.6%, of its employment during the pandemic, Goss said.

Minnesota: The overall index increased to 45.0 from 39.8 in May. Components were: new orders at 45.4, production or sales at 56.5, delivery lead time at 40.9, inventories at 47.9, and employment at 34.0. Goss said the state has lost more than 350,000 jobs, or almost 12%, of its employment. Only slight job gains are expected in the months ahead, he said.

Missouri: The overall index climbed to 50.5 from 42.3 in May. Components were: new orders at 51.3, production or sales at 56.0, delivery lead time at 49.8, inventories at 50.8, and employment at 44.6. “Since the onset of COVID-19, the state has lost 262,000 jobs, or approximately 9.0% of its employment. Our surveys point to a flattening of employment with only slight job gains in the months ahead,” Goss said.

Nebraska: The state’s overall index for June rose to 52.6 from 43.9 in May. Components were: new orders at 59.1, production or sales at 55.2, delivery lead time at 55.5, inventories at 54.6, and employment at 38.9. Nebraska has lost almost 77,000 jobs, or approximately 7.5%, of its employment since the outbreak began, Goss said.

North Dakota: The overall index climbed to 51.6 from 43.4 in May. Components were: new orders at 55.1, production or sales at 55.6, delivery lead time at 57.1, employment at 37.5, and inventories at 52.6. North Dakatoa has lost approximately 41,000 jobs, or roughly 9.4% of its employment since the onset of the pandemic, Goss said.

Oklahoma: The state’s index moved above growth neutral in June, to 53.1 from May’s 43.0. Components were: new orders at 59.9, production or sales at 55.1, delivery lead time at 56.2, inventories at 55.0, and employment at 39.2. Oklahoma has lost almost 108,000 jobs in this period.

South Dakota: The index increased to 52.4 from May’s 43.8. Components were: new orders at 57.7, production or sales at 55.3, delivery lead time at 56.7, inventories at 53.9, and employment at 38.4. The state has lost approximately 34,000 jobs in this period.

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