Declining numbers in a new monthly survey of bankers suggests the economy remains weak in rural parts of 10 Plains and Western states.
The overall economic index for the region dropped to 46.8 this month, compared with the December reading of 47.8. The November figure was 44.7. Survey organizers say any score below 50 suggests a shrinking economy in the months ahead.
The confidence index reflects expectations for the economy six months out, and it fell to 46.7 in the January survey from 51.2 in December.
However, Creighton University economist Ernie Goss says “year-over-year indices are trending higher.” The January number a year ago was 42.8.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
Chubb Group Vice Chair Lupica to Retire at 2025 End 
Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals 
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk 
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth 
