© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Bankers Survey For Parts Of 10 Plains And Western States Rockets To Record High

A new monthly survey of bankers points to a quickly recovering economy in rural parts of 10 Plains and Western states as the survey's individual indicators soared and the overall index rocketed to its highest reading since it began in 2006.

The overall index of the Rural Mainstreet Survey shot up more than 18 points to 71.9 in March from February's 53.8. Any score above 50 suggests a growing economy. Creighton University economist Ernie Goss credits in part sharp gains in grain prices, federal farm support and the Federal Reserve’s record-low interest rates. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.