Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Highest in Six Years: 
Juneís Goldilocks Economy

June survey highlights:

* Overall index moved above growth neutral for a seventh straight month and highest level since February 2011.
* Employment gauge remained in a very healthy range.
* On average, supply managers expect the prices for their companyís products to expand by only 1.7 percent over the next 12 months.
* New export orders and imports expanded for the month.

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Rural Mainstreet Index Experiences Biggest Fall in Almost Nine Years: 
Drought Conditions Weighing on Regionís Farms

July Survey Results at a Glance:

* The overall index experienced itís largest one-month decline since November 200.8
* On average, bankers expect 15.1 percent of grain farmers to suffer negative cash flows for 2017.
* Loan volumes rise to second highest reading in survey history.
* On average, bankers estimated loan defaults of 4.9 percent over next 12 months, down from the 5.4 percent predicted last year at this time.
* Approximately 55.9 percent of bank CEOs say the Federal Reserve should raise interest rates at least one more time in 2017.

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