The Joplin Globe, Joplin, MO

Business

February 20, 2014

Survey suggests Midwest economy losing steam

OMAHA, Neb. — An economist says a survey of bankers in 10 Midwest and Plains states suggests the regional economy is losing steam.

The Rural Mainstreet Index dropped below growth neutral in the February survey, hitting 48.4, compared with 50.8 in January and 56.1 in December.

The survey indexes range from 0 to 100, with 50 representing growth neutral. A score above 50 suggests growth in that factor in the months ahead.

Creighton University economist Ernie Goss oversees the survey, and he says the overall index’s decline shows that “areas of the nation highly dependent on agriculture and energy are losing economic steam.”

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

 

1
Text Only
Business
Poll

Would you use a community safe room when the area is under a tornado warning?

Yes.
No.
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Beau Biden Plans 2016 Run for Del. Governor Chelsea Clinton Is Pregnant Horseless Carriage Introduced at NY Auto Show Obama Hopeful on Ukraine, Will Watch Russians Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Raw: Pope Francis Performs Pre-easter Ritual Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing