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Business Conditions Index drops in Mo., rises in Kan.

Kansas’ Business Conditions Index rose in January from 62.0 from 55.3 in December. Missouri, however, saw a drop, stooping to 62.5 from 67.2 in December. Since seeing the lowest level in 11 years in April, the overall regional index has climbed above neutral growth.

The Kansas Business Conditions Index for January rose to 62.0 from 55.3 in December.

Components of the leading economic indicator from the monthly survey of supply managers were new orders at 72.8, production or sales at 81.3, delivery lead time at 63.3, employment at 53.3, and inventories at 39.3.

Since bottoming in April of last year, manufacturing employment in the state has expanded by only 800 jobs for a 0.5 percent gain.

Creighton’s surveys over the past several months indicate that this rate of growth will accelerate in the months ahead for the state’s manufacturing sector.

The January Business Conditions Index for Missouri dropped to 62.5 from 67.2 in December. Components of the overall index from the survey of supply managers for January were new orders at 73.0, production or sales at 81.5, delivery lead time at 63.8, inventories at 40.7, and employment at 53.6.

Since April of last year, manufacturing employment in the state has expanded by almost 29,000 jobs for a 11.9 percent gain. Creighton’s surveys over the past several months indicate that this rate of growth will slow to a still healthy pace in the months ahead for the state’s manufacturing sector.