• The overall Mid-America Business Conditions Index declined for the month but remained above growth neutral for the sixth straight month.
• The June regional manufacturing employment index remained below growth neutral.
• Inflation continues to trend higher.
• On average, supply managers expect tariffs to push input prices up by 7.5% in the second half of 2025.
• A high proportion of supply managers reported a balance between job openings and job applicants.
• According to U.S. International Trade Administration (ITA) data, the regional economy exported $32.1 billion in manufactured goods for the first four months of 2025, compared to $31.3 billion for the same period in 2024, for a 2.3% decline.
• In terms of export gainers for the first four months of 2025, North Dakota registered the top gain with a 29.7% addition, and South Dakota recorded the largest loss with a 20.4% reduction in exports of manufactured goods.
• For the first time since July and August of 2023, the survey registered two consecutive months of above growth neutral readings.
• For the 14th time in the past 15 months, farmland prices sank below growth neutral.
• On average, bank CEOs expect farmland prices to decline by 2.9% over the next 12 months.
• Lower farm commodity prices pushed bank loans to a record high.
• Farm equipment sales dropped below growth neutral for the 23rd straight month.
• According to the data from the International Trade Association (ITA), regional exports of agriculture goods and livestock for the first five months of 2025, compared to the same 2024 period, fell from $5.3 billion in 2024 to $4.5 billion in 2025 for a decline of 14.8%.
• Mexico was the top destination for regional ag exports, accounting for 56.5% of total regional agriculture and livestock exports.