Economic Outlook

Economic Outlook

Contact Information

Economic Outlook
Heider College of Business
Creighton University
Omaha, NE 68178

Email: economicoutlook

Recent Survey Results

Mid-America Mid-America Growth Climbs as Confidence Plunges:

Inventory Stockpiling Significant Contributor to Supply Disruptions

October survey highlights:

*Creighton’s regional Business Conditions Index climbed into a range indicating healthy manufacturing growth, and pointing to overall healthy growth.
*Over the past 12 months regional manufacturing employment expanded by a strong 3.3% with a gain in average hourly wages of 3.9%.
*Approximately one-third of supply managers reported that hoarding, or stockpiling of inventories has contributed significantly to supply chain bottlenecks.
*Business confidence remained at its lowest level since the first month of COVID-19, March 2020.

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Rural Mainstreet Economy Surging: Farmland Prices Climb to Record High

November Survey Results at a Glance:

* Overall index moved above growth neutral for the 12th straight month indicating healthy growth for the region.
* The farmland price index rocketed to a record high.
*On average, bankers expect holiday and Christmas sales in their area to expand by 5.7% from the same period last year.
* Approximately 30% of bank CEOs expect the recently passed infrastructure bill to have more negatives than positives for agriculture.
* Approximately 26.7% of bankers ranked the broadband connectivity portion of the infrastructure bill to have the greatest impact on their local economy.
* Despite recent strong job gains, U.S. Bureau of Labor Statistics data indicate that compared to its pre-COVID-19 level, Rural Mainstreet has lost 2.5% of its nonfarm employment (non-seasonally adjusted).

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