Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Rises to Healthy Level:  Inflation Gauge Soars to Highest Level in More than Six Years

September survey highlights:
* Overall index moved above growth neutral for a 10th straight month, pointing to solid growth ahead.
* Inflation gauge soared to its highest level since April 2011.
* Supply managers expect the prices of raw materials and supplies purchased by their firm to increase by 3.5 percent over the next six months.
* Approximately 16 percent expect another 2017 rate hike to negatively impact their companyís business activity.
* Employment gauge remained in a healthy range.

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Rural Mainstreet Index Rises for October: 
Ten Percent Expect Farm Foreclosures to Pose Greatest Banking Threat

October Survey Results at a Glance:

* The overall index improved from Septemberís reading, but remained below growth neutral.
* For the 47th straight month, average farmland prices declined across the 10-state region.
* For the 50th straight month, the agriculture equipment sales index fell below growth neutral.
* Almost one in 10 bankers expect farm foreclosures to be the greatest challenge to banking operations over the next five years.
* Almost one-half of bankers report that current corn prices are below break-even for cash renting farmers in their area.

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