Iowa economic index rose slightly in May
Thursday, July 05, 2012 2:08 PM
The Iowa Department of Revenue said Thursday that its Iowa Leading Indicators index rose to 104.8 in May, a 0.1 point increase from April.
Previously, the index increased for five months straight, then dropped by 0.2 point in April. The biggest positive factor in May was an increase of 462 building permits being issued over the same time last year.
Agricultural futures were down, according to the report, because costs are expected to be 12.2 percent higher this year. The Iowa stock market index was also lower in May, with only 12 of the 33 Iowa stocks monitored posting gains.