Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Remains Above Growth Neutral:  Export Orders Soar for the Month

April survey results at a glance:

*  After three straight months of expanding, the regionís overall index declined, but remained above growth neutral 50.0.
*  The employment gauge sank below growth neutral for the month.
*  Over the past year, the regionís manufacturing sector has lost approximately 1.9 percent, or roughly 26,000 manufacturing jobs.
*  Every state in the region, except for Minnesota, has lost manufacturing jobs over the past 12 months with North Dakota and Oklahoma accruing the largest percentage losses
*  More than one-third of supply managers reported that data security was second only to price in selecting a supplier or vendor.

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Rural Mainstreet Economy Remains Weak for May:
Job Losses for First Time in Five Years

May Survey Results at a Glance:

*  For a ninth straight month, the Rural Mainstreet Index fell below growth neutral.
*  Almost one-third of bank CEOs see slow or negative rural growth as the biggest economic threat to their bank over the next five years.
*  Approximately nine of ten bankers see low agriculture commodity prices as the greatest challenge to the rural economy for 2016.
*  Farmland prices remained below growth neutral for the 30th straight month.
*  From their peak levels in 2011, agricultural commodity prices are down by 17 percent, and grain prices are off by 49 percent.