Governor to host Nebraska economic development summit
LINCOLN, Neb. | Nebraska Gov. Pete Ricketts is set to host the state’s annual economic development summit today.
Ricketts also will unveil a new website designed to attract and retain talented workers.
The Nebraska Governor’s Economic Development Summit was created to bring together business leaders, trade practitioners and public leaders to discuss the challenges and opportunities in Nebraska’s economy.
The summit will take place in Lincoln and include comments from Ricketts, state economic development officials and Gallup Chairman and CEO Jim Clifton. It also will be livestreamed.
WICHITA, Kan. | The government’s latest crop update said 81% of the winter wheat in Kansas has now been harvested.
The National Agricultural Statistics Service said Monday that the wheat harvest is still behind the 95% that would be average for this late in the season.
Its report also rated the condition of the state’s corn crop as 11% poor to very poor, 33% fair, and 56% good to excellent.
The agency said 2% of the soybean crops planted in Kansas have begun setting pods. About 6% of the sorghum in the state has headed.
Industrial production unchanged
WASHINGTON | U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.
The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output has been weak over the past 12 months, posting a modest gain of just 0.4%. The manufacturing sector has faced challenges because of the U.S. government’s tariffs against China and the retaliatory taxes imposed by that country.
“With the global backdrop still weak and the survey evidence consistent with manufacturing output declining, we expect the manufacturing sector to remain weak in the second half too,” said Michael Pearce, senior U.S. economist at Capital Economics.
Production at the nation’s utilities fell 3.6%, as a milder than usual June led to less demand for air conditioning. Production at mines, a sector that also covers oil and gas drilling, advanced a modest 0.2%.
Capacity utilization fell in June to 77.9% from 78.1% in May.
— From AP reports