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Iowa
For the month of November 2009, reported December 1, 2009
For a third straight month, Iowa’s Business Conditions Index bounced above growth neutral. The index, a leading economic indicator from a survey of supply managers in the state, slipped to 53.4 from 55.5 in October. Components of the overall index for November were new orders at 58.6, production or sales at 61.7, delivery lead time at 58.9, employment at 46.2, and inventories at 41.4. “Over the past year, Iowa has lost almost 23,000 or 10.1 percent of its manufacturing jobs. However, I expect recent and significant declines in the value of the dollar to stimulate the state’s farm sector and halt manufacturing job losses in the months ahead,” said Goss.