Survey Suggests Slow Growth In Midwest, Plains
September 15, 2011, 3:48 PM
OMAHA, NE -
A new monthly survey of bankers suggests the economy in rural areas of 10 Midwest and Plains states continues to slow, but the region is helped by strong farm income.
The overall Rural Mainstreet index for the region improved to 52.2 in September from last month's 49.3, suggesting weak economic growth. Anytime that index, which ranges from 0 to 100, is above 50, it suggests the economy will grow.
Creighton University economist Ernie Goss, who oversees the survey, says this month's results don't suggest a recession but the numbers have deteriorated.
Bankers in rural parts of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming are surveyed.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
3/3/2015 1:56 PM
Scott Adelman paid $70,000 for a 4,500-square-foot brick home in Fargo, but he has to move it out to nearby Horace.
2/27/2015 10:21 AM
Paul Ell of Big Lake, MN snagged a 11.6-pound, 29.5-inch walleye after 6 p.m. Thursday night.
2/27/2015 10:44 AM
A former Sioux Falls teacher pleads guilty to sexual contact charges for a relationship she had with a student.
3/5/2015 11:22 AM
Sioux Falls Police responded to a bank robbery at Dacotah Bank at 3302 E. 10th St. Thursday morning.
3/1/2015 5:47 AM
Temperatures this morning are mostly in the single digits and teens with clouds moving out of the area. Some areas of southern KELOLAND could see some...