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Survey shows hope for recovery even as economic indices drop

Survey shows hope for recovery even as economic indices drop
Courtesy/ University of Nebraska Medical Center. UNMC)has launched a mobile app to screen large groups of individuals who are concerned that they may have COVID-19 and to help first responders and other health care providers determine a person’s likelihood of carrying the disease.

OMAHA, Neb. (AP) – The latest survey of supply managers in a nine-state region of the Midwest and Plains shows many have hope for a rebound yet this year, even as the survey’s other indices show the coronavirus pandemic has knocked the economy in Middle America for a loop.

The Mid-American Business Conditions index released Friday plummeted from March’s 46.7 to 35.1 in April – the lowest reading since February 2009. But the confidence index, which gauges supply managers’ economic outlook for the next six months, rose to 45.5 from March’s record low 14.5.

Any score above 50 suggests economic growth, while scores below 50 suggest decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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