Source: WalletHub
At 47th in state economies and 49th in economic activity rank South Dakota's economy is circling the drain with little hope for the future according to WalletHub.
Creighton University's Ernie Goss follows the economies of nine midwestern states including South Dakota's and May found the regional manufacturing economy is slowing down even more due to the Trump tariffs and volatility in the markets.
The May Business Conditions Index for South Dakota slumped to 48.7 from April’s 55.8. Components of the overall May index were: new orders at 50.0; production or sales at 47.1; delivery lead time at 52.4; inventories at 48.3; and employment at 45.6. According to ITA data, the South Dakota manufacturing sector exported $411.0 million in goods for the first quarter of 2025 compared to $499.1 million for the same period in 2024, for a 17.7% decline. [Mid-American Economy]Learn more at The South Dakota Standard.
If federal funding programs aren’t restored and if Congress approves SNAP cuts included in the reconciliation bill, officials with Feeding South Dakota say the effects will be felt in South Dakota.https://t.co/8OqxZKsRdP
— SDPB News (@SDPBNews) May 27, 2025
"Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s trade deficit in farm goods later this year, according to two people familiar with the matter. The numbers run counter to President Donald Trump’s messaging that his economic policies, including tariffs, will reduce U.S. trade imbalances." POLITICO
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