OMAHA- Creighton University’s monthly survey of supply managers has found confidence in the economy has slumped. Creighton’s Mid-America Business Conditions Index, intended to be a leading economic indicator, showed a regional confidence score that declined to 26.7 in August from 30.6 the month prior.

The index ranges between 0 and 100, with a 50.0 representing growth neutral. Ernie Gross, the director of the forecasting group, believes that September’s labor market report will be pivotal in determining the economic outlook for next year.

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