- Associated Press - Thursday, October 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 September:

Arkansas: The overall index for Arkansas rose to 68.5 from August’s 63. Components from the September index were: new orders at 78.8, production or sales at 48.9, delivery lead time at 77, inventories at 53.9, and employment at 63.9. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood a 0.9% in the second week of March, peaked at 11.7% in the third week of May, and fell to 3.3% in the first week of September,” Goss said.



Iowa: The state’s overall index climbed to 67.1 in September from 56.4 in August. Components of the overall index were: new orders at 80.1, production. or sales at 70.5, delivery lead time at 65.7, employment at 67.4, and inventories at 64.8. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 1.7% in the second week of March, peaked at 12.4% in the first week of May, and fell to 4.3% in the first week of September,” Goss said.

Kansas: The overall state index for September increased to 69.9 from 63.0 in August. Components of the index were: new orders at 78.9, production or sales at 73.3, delivery lead time at 78.5, employment at 64.2, and inventories at 54.7. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 0.7% in the second week of March, peaked at 14.6% in the third week of May, and fell to 4.1% in the first week of September,” Goss said.

Minnesota: The overall index for Minnesota increased to 55.9 in September from 54.5 in August. Components of the overall index were: new orders at 76.5, production or sales at 61.9, delivery lead time at 46.7, inventories at 35.9, and employment at 58.3. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 2.3% in the second week of March, peaked at 14.9% in the second week of May, and fell to 7.2% in the first week of September,” Goss said.

Missouri: The overall index for Missouri improved to 74.4 from August’s 63. Components of the overall index were: new orders at 82.5, production or sales at 73.2, delivery lead time at 58.8, inventories at 84.1, and employment at 73.5. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 0.8% in the second week of March, peaked at 9.5% in the third week of May, and fell to 3.2% in the first week of September,” Goss said.

Nebraska: Nebraska’s overall index for September slipped to 62.9 from 64.2 in August. Components of the index were: new orders at 77.7, production or sales at 67.7, delivery lead time at 62.6, inventories at 45.4, and employment at 61.2. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 0.5% in the second week of March, peaked at 11% in the fourth week of May, and fell to 3.2% in the first week of September,” Goss said.

North Dakota: The overall index for North Dakota climbed to 55.6 in September from 53.6 in August. Components of the overall index were: new orders at 69.3, production or sales at 74.3, delivery lead time at 52.2, employment at 40, and inventories at 42.1. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at1.5% in the second week of March, peaked at 9.7% in the first week of May, and fell to 2.3% in the first week of September,” Goss said.

Oklahoma: The state’s overall index declined to 58.6 in September from August’s 61.8 but remained in positive territory. Components of the overall index were: new orders at 76.9, production or sales at 66.8, delivery lead time at 51.5, inventories at 38.8, and employment at 59.2. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 1.1% in the second week of March, peaked at 9.6% in third week of May, and fell to 7.1% in the first week of September,” Goss said.

South Dakota: The overall index for South Dakota declined to 59.9 from 62.9 in August. Components of the overall index were: new orders at 77.1, production or sales at 67.1, delivery lead time at 54.9, inventories at 40.8, and employment at 59.8. “Validating a rapidly improving state economy, U.S. Department of Labor data indicate that the state’s insured unemployment rate stood at 0.6% in the second week of March, peaked at 9.7% in the fourth week of May, and fell to 1.6% in the first week of September,” Goss said.

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