Economic Outlook

Economic Outlook

Recent Survey Results

Inflation Reading Jumps to Highest Level in Six Years for March:  Mid-America Index Declines to Still Strong Reading

March survey highlights:

*  Overall index climbs above growth neutral for a fourth straight month.
*  Employment gauge soars to highest level in more than 10 years.
*  Wholesale inflation gauge climbs to its highest level in six years.
*  Business confidence index remains healthy.
*  Trade numbers advance for the month.

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Rural Mainstreet Sinks for the Month:
Farm Loans Rise to Record Level 

April Survey Results at a Glance:

* The overall index fell below growth neutral for the 20th straight month.
* Loan volume soars to record level as banks reject fewer loan applications.
* Almost one-third of bankers indicate no change in lending practices stemming from the downturn in the farm economy.
* For 2017, bank CEOs expect approximate cash expenses to exceed cash revenues for 17.1 percent of grain farmers, down from 19.5 percent in 2016.
* Farmland prices declined for the 41st straight month, but the percent of cash farmland sales remained steady from 2015.

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