Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Rises to Healthy Level:
Exports Through the Port of Houston an Economic Headwind

August survey highlights:

* Overall index moved above growth neutral for a ninth straight month, pointing to solid growth ahead.
* Employment gauge remained in a healthy range.
* Inflation gauge moved into a range indicating modest inflationary pressures at the wholesale level.  
* Overall index falls below growth neutral for Kansas and South Dakota.
* The export of important regional commodities traveling through the Port of Houston will be negatively impacted in the weeks and months ahead.

Read more

September Rural Mainstreet Index Reaches 2017 Low:
More than Half of Bankers Restructured Farm Loans

September Survey Results at a Glance:

* The overall index sank to its lowest level since December 2016,and remained below  growth neutral.
* For the 46th straight month, average farmland prices declined across the 10 state region.
* For the 49th straight month, the agriculture equipment sales index fell below growth neutral.
* As a result of falling farm income, more than 51 percent of bank CEOs, reported restructuring farm loans, and approximately 18.6 percent indicated increasing collateral requirements.
* Bank CEOs reported only a 2.1 percent increase in farm loan defaults over the past year.

Read more