Overall index up in rural Midwest banker survey
Thursday, April 17, 2014
OMAHA, Neb. (AP) — The overall index for an economic survey of bankers in 10 Midwestern and Plains states has risen for a second consecutive month, suggesting more growth in the months ahead.
The Rural Mainstreet Index hit 53.2 in April, compared with 50.1 in March.
The survey indexes range from 0 to 100, with 50 representing growth neutral. A score above 50 suggests growth in the months ahead.
Creighton University economist Ernie Goss oversees the survey, and he says the results indicate that areas highly dependent on agriculture and energy are experiencing slower growth than they were a year ago. But he says recent increases in commodity prices should boost the economy in the months ahead.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.
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