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Drought among drains on Midwest economy
• OMAHA, Neb. (AP) -- A monthly survey suggests that the continuing drought and lessening export demand for U.S. products are among the drains on the economy in nine Midwest and Plains. • A report released Tuesday says August's Mid-America Business Conditions Index remained below growth neutral for a second month. It rose to 49.7 from 48.7 in July. June's figure was 57.2. • The survey of business leaders and supply managers uses a collection of indexes ranging from zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. • Creighton University economist Ernie Goss oversees the survey, and he says supply managers remain pessimistic about future economic conditions. • The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota. •
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