OMAHA, Nebraska (AP) – The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions.
The Creighton Economic Forecasting Group uses the same methodology as the national survey to consult supply managers and business leaders.
The overall index ranges between 0 and 100. Growth neutral is 50, and a figure greater than 50 indicates growth in that factor over the next three to six months.
Here are the June results for Kansas:
The state’s overall index rose last month to a regional high of 62.9 from 55.9 in May.
Index components were new orders at 59.2, production or sales at 66.4, delivery lead time at 63.7, employment at 61.1 and inventories at 64.0. U.S. Bureau of Labor Statistics data shows Kansas workers have experienced a 4.9% gain in hourly wages over the past 12 months, well above the national gain of 3.1% over the same period.
Goss also reported gains in economic activity by Iowa manufacturers.