Business

Kansas indicators weaken in November, but point to continued growth

An index of leading economic indicators for Kansas declined in November, but remained in growth territory for the fourth straight month, according to a survey of purchasing managers by Creighton University.

The November Business Conditions Index slipped to 50.8 from 55.1 in October. Components of the index were: new orders, 58.6; production or sales, 57.7; delivery lead time, 54.3; inventories, 48.9; and employment, 35.8. A number over 50 means expansion, while 50 below means contraction.

The aircraft manufacturing industry continues to be a drag on the state economy, said Ernie Goss, a professor at Creighton.

"Contrary to most of the region, Kansas nondurable goods producers are outperforming durable goods manufacturers," he said. "The state's aircraft and parts producers continue to experience weak economic conditions."

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