Overall index rises in Midwest banker survey - WREX.com – Rockford’s News Leader

Overall index rises in Midwest banker survey

Posted:
OMAHA, Neb. (WREX) -

For the second month in a row, the overall index has risen in an economic survey of bankers from 10 states in the Midwest and Plains.

The Rural Mainstreet Index was 53.2 in April, up from 50.1 in March. The indexes go from 0 to 100 and 50 represents neutral growth. Any score above 50 suggests upcoming growth.

Ernie Goss, the Creighton University economist who oversees the survey, said results suggest areas highly dependent on energy and agriculture are growing slower than they were one year ago. However, he said recent rises in commodity prices should help the economy in the coming months.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wyoming all took part in the survey.

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