Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Falls Below Growth Neutral:
Global Problems Hit Businesses

July survey results at a glance:

* After five straight months of advancing above growth neutral, the overall index sank below the 50.0 threshold.
* More than one-third of businesses report global economic conditions as greatest factor weighing on company sales.
* More than one-fifth of companies named weakness in the farm economy as the biggest factor diminishing sales.
* Manufacturing job losses were recorded for the month.
* Companies expect to raise prices by 1.6 percent for the rest of 2016.

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Rural Mainstreet Index Below Growth-Neutral for 12th Straight Month: Farmland Prices Expected to Decline Further 

August Survey Results at a Glance:

* For a 12th straight month, the Rural Mainstreet Index fell below growth neutral.
* Farmland prices remained below growth neutral for the 33rd consecutive month.
* Bank CEOs expect farmland prices to fall by another 6.9 percent over the next 12 months.
* Approximately 56.5 percent of bank CEOs expect the Federal Reserve to raise rates before the end of 2016.
* Agricultural equipment sales remain close to record low.

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