A monthly survey of bankers suggests the economy will remain weak in rural parts of 10 Midwestern and Western states because of low grain and oil prices. The region’s overall economic index improved slightly to 50.9 in January from December’s neutral score of 50.
Slow economic growth is likely in nine Midwestern and Plains states in the months ahead because low crop and energy prices are hurting business in the region, according to a monthly report released Monday. The survey of business leaders conducted by Creighton University showed an overall economic index for the region of 51.3 in November. That’s down from October’s 51.8 and barely above the neutral score of 50.
A monthly economic survey index for nine Midwestern and Plains has dropped again. A survey report issued early Monday says the overall Mid-America Business Conditions Index fell in October to 51.8 from 54.3 in September. The figure was from 57.2 in August.
A new survey of business leaders suggests the economy will continue growing in nine Midwest and Plains states through the rest of 2013 but at a slower pace than earlier this year. The survey’s overall economic index rose to 53.8 in August from July’s 53.5.
Bankers in 10 Midwest and Plains states expect the rural economy to continue growing in the months ahead because of the strength of farm income.
The economy is gaining strength in nine Midwest and Plains states because global growth and continued low interest rates have provided a boost to agriculture and energy businesses, according to a new survey released Tuesday.