Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Slumps:
One in Six Firms Expect Second Half Layoffs

June survey results at a glance:
* For a fifth straight month, the overall index remained above growth neutral.
* Manufacturing job losses were recorded for the month.
* For the second half of 2016, one in six firms expects layoffs while one in four anticipates additional hiring.
* Inflation gauge moved higher while export orders plummeted.
* Kansas, which exports only 0.3 percent of gross domestic product to Great Britain, is the most susceptible to British economic turmoil among the nine states in the region.

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Rural Mainstreet Economy Weakens in July:
High Share of Crop Farmers with 2016 Negative Cash Flow

July Survey Results at a Glance:

* For an 11th straight month, the Rural Mainstreet Index fell below growth neutral.
* Farmland prices remained below growth neutral for the 32nd straight month.
* Bank CEOs reported a 6 percent decline in farmland prices over the past year.
* Bankers expect cash expenses will exceed cash revenues for one in five crop farmers in the region.
* Bank CEOs expect farm loan defaults to grow by 5.4 percent over the next year.

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