Midwest Economic Indicator Stoops to 3-Year Low, Consumers Expected To Absorb Tariff Costs

Midwest Economic Indicator Stoops to 3-Year Low, Consumers Expected To Absorb Tariff Costs

Creighton University’s Mid-America Business index remains below growth levels for the third time in the four months, declining to its lowest level in three years.

The survey covers a nine-state region, including Nebraska only and 17% of responding supply managers expect their firms to absorb the cost of the tariffs, while 77% expect consumers to pay the costs.

The November employment index plummeted to its lowest in four years. The availability of workers continues to constrain job growth in the region.

Despite the negative impact of the trade war on jobs, 60% of supply managers in the survey support continuing, or even expanding, trade restrictions and tariffs on imports from China.