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Rising gas prices have not slowed Midwest economy

Monday, April 2, 2012 | 10:06 a.m. CDT

OMAHA, Neb. — A survey suggests rising fuel prices haven't slowed the economy in a nine-state region in the Midwest and Plains.

The overall Mid-America index rose to 58.6 in March from 58.4 in February. The index has risen for five months in a row.

Creighton University economist Ernie Goss oversees the survey, and he said only a significantly higher increase in oil prices or a major world catastrophe would derail the regional economic expansion.

Survey organizers said it uses a collection of indexes ranging from zero to 100 and that any score above 50 suggests growth while a score below 50 suggests decline for that factor. The survey of business leaders and supply managers covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.


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