Posted: Sep 17, 2010 11:52 AM by Bea Karnes, News First 5
Updated: Sep 17, 2010 11:53 AM
A survey of rural bankers in Colorado and 9 other Midwest and Plains states suggests the rural economy will remain weak in the months ahead.
Creighton University economist Ernie Goss says many rural businesses in the region appear to be struggling even though the farm sector is generally doing well.
The overall Rural Mainstreet index remained in negative territory in September but increased slightly to 47.6 from August's 46. Any score below 50 suggests the economy will contract over the next six months.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed for the report.