Economic Outlook

Economic Outlook

Recent Survey Results

Mid-America Business Conditions Index Ends Year on High Note:
Almost Half of Supply Managers See Foreign Competition as Greatest Threat

December survey highlights:
* The Business Conditions Index moved above growth neutral for the 13th straight month, pointing to healthy growth for the next three to six months.
* Business Confidence Index soared to its highest level in almost seven years.
* Only 21.8 percent of supply managers expect an abolition of the North American Free Trade Agreement (NAFTA) to negatively affect their company.
* In 2016, the region exported $35.4 billion of goods to Canada and Mexico, supporting approximately 210,000 jobs.
* Over the next five years, regarding the greatest challenge to the profitability of their businesses, approximately 44.7 of supply managers indicated increasing foreign competition, while more than one in five named a shortage of qualified workers.

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Rural Mainstreet Index Sinks for January:
Rising Farm Loan Defaults Identified as Greatest 2018 Challenge

January Survey Results at a Glance:

*  The overall index sank from Decemberís weak reading and remained below growth neutral.
*  Approximately 40 percent of bank CEOs named rising loan defaults as the greatest economic challenge for 2018.
*  More than seven in 10 bankers expect that the abolition of NAFTA would have a negative impact on their economic area.
*  For the 50th straight month, the farmland price index sank below growth neutral.

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