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Survey suggests slight growth for Midwest economy

by KIX101.1 /1230 KFJB News Department posted Mar 21 2014 10:09AM

OMAHA, Neb. (AP) — An economist says a survey of bankers in 10 Midwest and Plains states suggests the regional economy is experiencing slow to no growth.

The Rural Mainstreet Index rose slightly above growth neutral in March, to 50.1, compared with 48.4 in February.

The survey indexes range from 0 to 100, with 50 representing growth neutral. A score above 50 suggests growth in that factor in the months ahead.

Creighton University economist Ernie Goss oversees the survey, and he says the region will need to see more increases in farm commodity prices to push the agriculture-based economy back into healthy growth territory.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.


 
Filed Under :
Topics : Business_Finance
People : Ernie Goss
03/21/2014 10:08AM
Survey suggests slight growth for Midwest economy
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