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
- 1.Retail & Restaurants
Valentino's Restaurant For Sale
- 2.Retail & Restaurants
Long John Silver's Closes, Building For Sale
- 3.Gas & Energy
SD Gas Prices Jump While Nation Approaches Four-Year Low
US Agency Warns Car Owners To Get Air Bags Fixed
3 Regional Airlines Want To Serve Pierre
- 6.Tourism, Outdoors
Northeast Hunting Successful So Far
Understanding Apple Pay
- 8.Meetings & Events
Sioux Falls Area Chamber Meeting Grows
Tuesday Afternoon Business Brief
Monday Evening Business Brief