Associated Press - November 20, 2009 8:14 AM ET
OMAHA, Neb. (AP) - For the third straight month, a survey of rural bankers in the Midwest and Plains suggests the weak economic conditions are strengthening, if slowly.
A report issued Thursday by economist Ernie Goss of Creighton University says the overall index for the Rural Mainstreet economy rose to 38.4 this month, compared with 37.5 in October and 36.5 in September.
The new figure is well below the growth-neutral score of 50 but far above the record low of 16.9 set in February.
The index runs 0 to 100. Organizers say a score below 50 suggests the economy will contract in the next few months; above 50 indicates the economy will expand.
The survey covers Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming.
On the Net:
Creighton University economic surveys: http://www2.creighton.edu/business/economicoutlook
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