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Midwest Bankers Survey Suggests Economic Growth

A survey of rural bankers in 10 Midwest and Plains states suggests that slow economic growth will continue.

 

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OMAHA, Neb. (AP) - A survey of rural bankers in 10 Midwest and Plains states suggests that slow economic growth will continue.

A report released Thursday on the Rural Mainstreet Index says the overall index rose to 58.2 in February, compared with 55.6 in January.

Creighton University economist Ernie Goss oversees the report from Omaha, Nebraska.

He says it is the index's fifth increase in the past six months.

The index ranges from 0 to 100, with 50 representing growth neutral.

Any score below 50 on the index suggests contraction in the months ahead.

The index is based on a survey of rural bankers in Colorado, Nebraska, Iowa, Illinois, Missouri, Kansas, Wyoming, Minnesota, and the Dakotas.

 

AP