Manufacturers concerned about ‘Obamacare’ effects, but anticipate growth
Minnesota manufacturers are expecting growth but were somewhat less optimistic in August than they were in July.
Creighton University's Minnesota Business Conditions Index dropped two points to 57 last month. A reading above 50 suggests economic expansion.
The overall survey of supply managers in the nine-state mid-America region shows 40 percent of businesses polled expect that implementation of the Affordable Care Act or Obamacare will crimp hiring.
However, supply managers across the region still foresee economic growth in the fourth quarter of 2013.
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