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Encouraging Growth Forecast For Midwest

Thu, 17 Apr 2014 15:50:32 CDT
By: AP

The overall index for an economic survey of bankers in Illinois and nine other Midwestern and Plains states has risen for a second consecutive month, suggesting more growth in the months ahead. The Rural Mainstreet Index hit 53.2 in April, compared with 50.1 in March. Fifty represents growth neutral. Creighton University economist Ernie Goss oversees the survey, and he says the results indicate that areas highly dependent on agriculture and energy are experiencing slower growth than they were a year ago. But he says recent increases in commodity prices should boost the economy in the months ahead.

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