Flooding in the Upper Midwest is having an impact on the economy. That from Creighton economics professor Ernie Goss, who conducts the monthly Business Conditions Index for a nine-state region that includes South Dakota. Goss says the index has taken a dip for the third time in the past four months…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/07/goss1.mp3|titles=goss1]Just over one-fourth of the companies they survey say they’re feeling an impact from the flooding…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/07/goss2.mp3|titles=goss2]According to Goss, employment was only slightly above growth neutral…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/07/goss3.mp3|titles=goss3]Goss says business leaders in the region are also expressing less confidence in the economy. He says the situation in Greece and the lack of a deal on the U-S debt ceiling are both having an impact.
(courtesy KJJQ Brookings)