June Economic Index Indicates Economy is Slowly Recovering

Creighton Professor Ernie Goss says the economy still has a long way to go, though Nebraska has been doing better than other states (Photo Courtesy Creighton University).
July 1, 2020 - 2:09pm

A Creighton University economic indicator for nine Midwestern states, including Nebraska, shows the region’s economy has risen above growth neutral.

Economics professor Ernie Goss, who compiles the Mid-American Business Conditions Index, said while the growth helps, there is still a long way to go to reach full economic recovery.

Goss said the manufacturing industry, the focus of the survey, is doing better than other industries such as ethanol production and hospitality. He said overall, Nebraska has fared better over the last few months than other states in the survey.

"Nebraska has been less hard-hit or negatively impacted by the coronavirus, and the reopening is more of a reopening in Nebraska and has gone much better," Goss said. 

Goss thinks the bottom of the recession was back in May, but it will take a lot of time for all of Nebraska’s industries to recover.

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