Nebraska Economy

By: Associated Press
By: Associated Press

Nebraska's business conditions index dropped in December after two very strong months.

But Creighton University economics professor Ernie Goss says the December index still remained at 56.5. A reading of greater than 50 indicates a growing economy.

Goss says November's overall index was nearly 65 and in October it was a nine-state regional high of just over 61.

Goss's month survey of purchasing managers and business leaders found Nebraska's new orders index at a strong 58.8. Production was just under 55. Employment also was encouraging at 58. Inventories, however, rated just 45.

Goss says a much stronger farm income for 2003 is having positive impacts on businesses surveyed. However, he says if the Asian ban on beef imports remains in place, it will have a slowing affect on the state's economy.

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