Report points to continued manufacturing growth
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Factories in Minnesota are pointing to a stronger economy.
The Creighton University business conditions index jumped to 59 in August from July's reading of 54. A score above 50 indicates economic expansion.
Several components of the index for Minnesota, like new orders, sales, and inventories, jumped considerably between July and August. The employment component is lagging others, but at nearly 54 it's still pointing to continued job growth.
Strength in Minnesota's durable goods production is offsetting slightly weak conditions for nondurable goods manufacturers, like food processors, said Creighton University economist Ernie Goss.
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