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Rising fuel prices haven't slowed Midwest economy

Rising fuel prices haven't slowed Midwest economy Click to Enlarge Photo:

Apr 2, 2012 at 3:31 pm

OMAHA, Neb. (AP) - A survey suggests that rising fuel prices haven't slowed the economy in a nine-state region in the Midwest and Plains.

The overall Mid-America index rose to 58.6 in March from 58.4 in February. The index has risen for five months in a row.

Creighton University economist Ernie Goss oversees the survey, and he says only a significantly higher increase in oil prices or a major world catastrophe would derail the regional economic expansion.

Survey organizers say it uses a collection of indexes ranging from zero to 100 and that any score above 50 suggests growth while a score below 50 suggests decline for that factor. The survey of business leaders and supply managers covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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