Economic Outlook
Economic Outlook
Heider College of Business
Creighton University
Omaha, NE 68178
Email: economicoutlook
December survey highlights:
* Creighton’s regional Business Conditions Index climbed into a range indicating very healthy manufacturing growth.
* Supply chain delays worsened in December.
* Approximately one-third of supply managers expect supply chain disruptions to get worse for the first six months of 2022.
* Economic confidence soars off weakness in November.
* Approximately half of supply managers expect the Omicron strain of Covid-19 to slow deliveries.
January Survey Results at a Glance:
* Overall index moved above growth neutral for the 14th straight month indicating healthy, consistent growth for the region.
* Bank CEOs overwhelmingly named rising farm input prices, such as fertilizer outlays, as the top 2022 farm threat.
* On average, bank CEOs expect the Federal Reserve to raise short-term interest rates by 0.70% (70 basis points) in 2022.
* Approximately 18.5% of bankers expect four or more one-quarter percentage point rate hikes in 2022.
* Over the last several months, surveys have recorded the fastest pace of agricultural equipment sales since Spring of 2011.
