Omaha, NB – A survey of rural bankers in nine Midwestern and Plains states suggests the region will see slow economic growth
in the coming months.
The overall economic index for the region increased to 54.1 in November from October's 52.1. That was the first increase since August, but the index remains lower than it was earlier this year and lower than last November.
An index greater than 50 indicates a growing economy over the next three to six months.
The survey includes Kansas, Missouri, Colorado, Illinois, Iowa, Nebraska, North Dakota, South Dakota and Wyoming. The average community population covered in the survey is about 1,300.
Nearly half the bankers agreed that ethanol production is having a positive effect on the region's economy.