The Oklahoma economy is strengthening

A leading economic gauge for Oklahoma climbed
ever so slightly in May, marking the fifth straight month that the
gauge has been above growth neutral.

Oklahoma’s Business Conditions Index inched upward to 59.8 last
month from April’s strong 59.7, according to a report released Tuesday
by Creighton University in Omaha, Neb.

The index, based on a monthly survey of supply managers, is
considered growth-neutral at 50. A higher number points to economic
expansion over the next three to six months, while a number below 50
indicates contraction.

The May Business Conditions Index for the nine-state Mid-America
region advanced for a sixth straight month, expanding to 64.2 from
April’s 61.7.

-By Laurie Winslow, June 1, 2010

 

Credit to Tulsa World

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