Economic Outlook
Economic Outlook
Heider College of Business
Creighton University
Omaha, NE 68178
Email: economicoutlook
August survey highlights:
* Creighton’s regional Business Conditions Index climbed into a range indicating healthy, but slower, growth for the next three to six months.
* Supply managers reported that supply chain bottlenecks represented the top challenge for the next 12 months.
* Approximately 94% of supply managers reported supply chain bottlenecks for the month.
* Supply managers ranked soaring input prices as the second greatest challenge for the next 12 months.
*Confidence index fell for the third straight month.
September Survey Results at a Glance:
* Overall index declined for the fourth straight month, but remained in a range indicating slower, but positive, growth for the next several months.
* Farmland price index soared to a record high.
* More than eight of 10 bankers expect the stepped-up basis portion of President Biden’s $3.5 trillion bill to have a negative impact on the Rural Mainstreet economy.
* Almost two-thirds of Bank CEOs expect the Federal Reserve to begin reducing their bond buying stimulus before the end of 2021.
* More than half of bankers reported that the negatives from Covid-19 expanded in September.
* Growth among the 10 states from top to bottom were: Minnesota (tops), Illinois, Colorado, South Dakota, Nebraska, Wyoming, Iowa, North Dakota, Kansas, and Missouri (bottom).
