The economy in rural parts of 10 Midwest and Western states continued to look weak in September as the drought weighed down agricultural businesses.
A new survey of bankers in the region released Thursday showed that the overall economic index remained in negative territory at 48.3 in September.
That was slightly better than August's 47.1 and July's 47.9, but any score below 50 on the 1-to-100 index suggests that the economy will contract in months ahead.
Creighton University economist Ernie Goss says the drought is already hurting businesses linked to agriculture like ethanol and farm equipment dealers.
The survey covers rural areas of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.
The confidence index was also weak at 43 in September, up from August's 39.6.
Most Popular Today
Allegiant Air Pilot Pleads With Tower To Make Emergency Landing
Famous Wine Maker Planning Sioux Falls Development
- 3.Retail & Restaurants
Filly Flair Set To Open Sioux Falls Store On Saturday
- 4.Retail & Restaurants
Downtown Business Expanding
- 5.Meetings & Events
Construction Delays Force Cancellation Of Concert
US Official: Debris In Photo Belongs To Boeing 777
USDA Offers Winter Wheat Crop Insurance For All SD Farmers
Thursday Morning Business Brief
- 9.Health Care
New Sanford Hospice Facility To Be Named Ava's House
Friday Morning Business Brief