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For the month of August 2008, reported September 2, 2008
The Business Conditions Index for Kansas, a leading economic indicator, rose to its highest level since August of last year. The index from a survey of supply managers in Kansas advanced to 56.8 from July’s regional low of 44.7 and June’s 42.7. Components of the overall index for August were new orders at 61.1, production at 61.1, delivery lead time at 62.0, employment at 33.3, and inventories at 72.2. “While food processors continue to experience slowing business activity, growth in durable manufacturing, especially for transportation equipment and parts producers more than offset this decline. The unemployment rate has risen by half of a percentage point over the past year. I expect the Kansas jobless rate to increase by another 0.2 percent before it stabilizes by the end of the year,” said Goss.