Survey shows continued growth in rural economy in November
OMAHA, Neb. (AP) — A new monthly survey of bankers in rural parts of 10 Plains and Western states suggests rising economic growth in the region, but confidence in the economy’s future continued to drop.
The overall Rural Mainstreet Economic Index rose in November to 67.7 from October’s 66.1. Any score above 50 suggests growth.
The survey’s confidence index, which reflects bank CEO expectations for the economy six months out, sank for the fifth straight month to 48.4 in November.
That’s the lowest level since August of last year and down from October’s 51.8.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.