The Wichita Business Journal reports that the "Business conditions index turned down in Kansas."
Do misinterpret the headline: this does not indicate that business is declining in Kansas. Creighton University economist Ernie Goss surveys supply chain management managers and reports how many are expecting production and other economic quantities are going to be higher.
In September the overall index fell from 68.2 to 58.6 in August. The index also fell in August.
How should you interpret that number? A reading of greater than 50 per cent means positive growth is expected. The September reading simply means this: those closest to the production progress expect continued growth, however, they are less sanguine than the very high readings of August and July indicated.
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