Bankers survey: Little confidence in rural economy
9:35 AM
Posted: Friday, November 21, 2008
OMAHA, Neb. (AP) -- A survey of bankers suggests the rural economy is still faltering and that there is little confidence that conditions will be better in six months.
The Rural Mainstreet Index, compiled from a survey of bank CEOs in 11 Midwestern and Plains states, hit its fourth record low in a row.
The November figure of 22.1 follows record lows of 34.4 in October, 38.5 in September and 38.9 in August.
A year ago, the index was 54.1, well above growth-neutral figure of 50.
The confidence index hit 13.0 in November, less than half the dour outlook suggested by a figure of 27.2 in October.
Surveys were sent to rural bank CEOs in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming.
The Rural Mainstreet Index, compiled from a survey of bank CEOs in 11 Midwestern and Plains states, hit its fourth record low in a row.
The November figure of 22.1 follows record lows of 34.4 in October, 38.5 in September and 38.9 in August.
A year ago, the index was 54.1, well above growth-neutral figure of 50.
The confidence index hit 13.0 in November, less than half the dour outlook suggested by a figure of 27.2 in October.
Surveys were sent to rural bank CEOs in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming.
Story Comments
Read More and Post Comments 0 comment(s)
Please note: The following are comments from readers. In no way do they represent the views of The Sioux City Journal or Lee Enterprises. We will not edit or alter your comments, but we do reserve the right to not post or to remove comments that violate our code of conduct. No comment may contain potentially libelous statements; obscene, explicit or racist language; personal attacks, insults or threats. Terms of Service
