An index of economic conditions in 10 Midwest and Western states jumped this month after three months of drought-induced doldrums.
The Rural Mainstreet survey of rural bankers rose to 56.6 for October from 48.3 in September. It was the first time since June that the index rose above growth neutral 50.
Survey organizers say any score above 50 on the 100-point scale suggests the economy will grow in the months ahead.
Creighton University economist Ernie Goss oversees the survey, and he says the effects of the drought are being more than offset by high incomes from high agriculture and energy prices.
The survey covers Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.
Most Popular Today
- 1.Your Money Matters
Cliff Hangers Gallery Closes; Customers Want Items Back
- 2.Retail & Restaurants
What Will Cost More/Less In 2015
- 3.Your Money Matters
Denny Sanford To Donate $25 Million For Scholarship Program
- 4.Your Money Matters
Denny Sanford's Multi-Million Solution To Worker Shortage
Sturgis Officials Planning For 2015 Rally Traffic
Sony Cancels 'The Interview' Dec. 25 Release
Top Theater Chains Cancel 'The Interview' Showings
SDSU Research Park First Certified Technology Park
- 9.Your Money Matters, Web Only
Students Say Scholarships Could Influence Career Decisions
- 10.Gas & Energy
SD Gas Prices At Five-Year Low