News

Banker survey shows continues growth in midwest

Thu 10-15-2020

OMAHA, Neb. (AP) — A majority of bankers surveyed in rural parts of 10 Plains and Western states are showing more enthusiasm for the state of their local economies than they have since the coronavirus pandemic began.

The Rural Mainstreet Survey’s overall index surged to 53.2 in October, up from 46.9. in September and well ahead of the 35.5 reading in March, when the index bottomed out as the outbreak began. Any score above 50 suggests a growing economy, while a score below 50 suggests a shrinking economy.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.