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Report Shows Improved Midwest Economic Outlook

Associated Press - January 2, 2015 6:06 pm

Kansas City Power & Light is appealing a September ruling by Kansas regulators reducing the percentage of annual profit the utility is allowed to return to its stockholders.

A monthly report shows an improved economic outlook over the next three to six months for nine Midwestern and Plains states.

A survey report issued Friday says the overall Mid-America Business Conditions Index jumped to 54.4 in December from 51.3 in November.

The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests economic growth, while a score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Creighton University economist Ernie Goss oversees the survey, and he says drops in grain and fuel prices have helped companies with close ties to consumers.