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Posted: Friday, 17 February 2017 4:49AM

Monthly survey says midwest economy is slightly improving



OMAHA, Neb. - Creighton University's monthly Rural Mainstreet Index remained weak with a reading below growth neutral for the 18th straight month.  The index is a survey of bank CEOs in rural areas of a ten state region in the Midwest, including Kansas. 

Creighton economist Ernie Goss says although the index is still below growth neutral things have been improving compared to previous months.  

“We have a bit of improvement in agricultural commodity prices,” said Goss. “Things are stabilizing. We’re seeing most of the factors that we survey on are looking a little bit better, or perhaps I should say, not as bad.”

Goss says that improvement in ag prices makes a big difference as the agricultural and energy sectors have been big factors weighing down the midwest.

The 0 to 100 index is at 45.7 from 42.7 in January. Fifty in any aspect of the survey indicates growth neutral.

KNSS News
02/17/2017 4:52AM
Monthly survey says midwest economy is slightly improving
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