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Published April 01, 2010, 09:36 AM

Midwest Economy

A regional economic index has hit its highest level since May 2006.

By: Associated Press, WDAZ

OMAHA, Neb. (AP) - A regional economic index has hit its highest

level since May 2006.

According to a report released Friday, the Business Conditions

Index for the Mid-America region hit 64.3 in March, up from 61.0 in

February.

It was the fourth increase in as many months for the survey of

supply managers and business leaders in nine states: Arkansas,

Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma

and South Dakota.

The index ranges from zero to 100. Organizers say any score

above 50 suggests economic growth in the next three to six months.

Creighton University economist Ernie Goss says low interest

rates, a stabilizing job market and declines in U.S. unemployment

are behind economic optimism of supply managers in the Mid-America

region.

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