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April 2, 2020Omaha, Neb. |  By: AP

Survey suggests pandemic draining vigor from Midwest economy

OMAHA, Neb. - A survey of supply managers in a nine-state region of the Midwest and Plains is showing more signs of the coronavirus pandemic's disruptive economic impact.

A report released Monday says the Mid-American Business Conditions index sank in March to 46.7 - its lowest reading since September 2016. The survey's confidence index plunged to a record low of 14.5.

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth.

A score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.