Rural Economic Index Soars To Double March '09 Mark
March 18, 2010, 6:21 PM
OMAHA, NE -
A new survey of rural bankers in 11 Midwest and Plains states shows continued weakness in the agriculture industry, but also signs of improvement.
The overall index for the Rural Mainstreet economic report released late Thursday rose to 47.4 in March from February's 36.6. That's more than double last March's reading of 18.7.
The index ranges between 0 and 100. A score below 50 suggests the economy will contract in the next few months; above 50 indicates the economy will expand.
The index has remained below 50 for 25 consecutive months.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.
© 2010 Associated Press. All rights reserved. Material may not be redistributed.
5/19/2013 11:56 AM
The Hand County Sheriff’s Office is searching for Leroy Nye, who was last seen at 10:30 p.m. on Saturday, May 18.
5/19/2013 5:22 PM
Police are still actively searching for Leroy Nye, 80, who went missing from a home in St. Lawrence, SD and are asking for your help.
5/16/2013 12:09 PM
It wasn't the big jackpot, but more than two-dozen workers at a Sioux Falls company won't mind splitting the second-place winnings in Wednesda...
5/18/2013 10:14 PM
Emergency responders airlifted a Faulkton High School senior to a Sioux Falls hospital Saturday after a single vehicle car crash the day before her hi...
5/22/2013 6:34 AM
Authorities have identified a man found dead in a drainage ditch in Rapid City, though they aren't releasing his name until his family is notified...