Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Manufacturing Remains Strong: Shipping and Transportation Bottlenecks Slow Recovery

March survey highlights:

* Creighton’s regional Business Conditions Index climbed into a range indicating very strong growth.
* The speed of the delivery of raw materials and supplies slowed to its lowest pace on record.
* The wholesale inflation gauge indicates substantial upward price pressure.
* More than eight of 10 supply managers reported supply bottlenecks and delays for February and March.
* More than one in four manufacturers named shipping and transportation delays as a top factor producing supply bottlenecks.
* Since bottoming in April of last year, the region has added almost 46,000 manufacturing jobs.

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Rural Mainstreet on Strong Growth Path: Farmland Prices Expanding Rapidly

April Survey Results at a Glance:

* Overall index dipped but remained in strong growth territory from March’s record high.
* The farmland price index advanced its highest level since November 2012.
* The farm equipment-sales index rose to its highest reading since February 2013.
* Housing index soars to record level with bids above listing prices.
* Lack of available workers is restraining job growth.
* Approximately 9.1% of farmland sales over past six months have gone to nonfarmer investors.
* Fully 100% of bank CEOs indicated that export markets were important, or very important, to their local economy.

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