Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Rises to Healthy Level:
Trade and Inflation Expand

October survey highlights:

* Overall index moved above growth neutral for an 11th straight month, pointing to solid growth ahead.
* Strong growth for durable-goods manufacturers in Iowa, Minnesota, Missouri and Oklahoma.
* Only one in five supply managers indicated NAFTA was important to company buying and selling.
* Wholesale inflation gauge points to December Federal Reserve rate hike.

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Rural Mainstreet Index Indicates Economic Weakness:
More Than One-Half of Bankers Boosted Farm Loan Collateral Requirements

November Survey Results at a Glance:    The overall index slipped from October’s weak reading and remained below growth neutral.    The farmland price index fell below growth neutral for the 48th straight month.    Approximately 22.5 percent of bankers increased farm loan rejection rates with the fall in farm income.    More than one-half of bank CEOs boosted farm loan collateral requirements as farm income has weakened.    The percentage of bankers projecting next year livestock revenues greater than costs fell to 9.2 percent from 18.9 percent reported last year at this time.

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