Economic Outlook

Economic Outlook

Recent Survey Results

January Mid-America Manufacturing Begins on Strong Note:  Inflation and Employment Soar

January highlights:

* Overall index climbed for a third straight month to its highest level since February 2015.
* The region added manufacturing jobs at its swiftest pace since August 2014.
* Wholesale inflation gauge climbed to its highest level since April 2014.
* Almost one-third of supply managers reported finding and hiring workers as the biggest challenge to their company’s operations in 2017.
* Business confidence index jumped to its highest level in six years.

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Rural Mainstreet Climbs to Highest Level Since September 2015:
But Only 15 Percent Report Expanding Economy

February Survey Results at a Glance:

* The overall index, while remaining below growth neutral, rose to its highest level since September 2015.
* More than one-third of bank CEOs reported their local economy remains in an economic downturn.  Only 14.9 percent of bankers indicated their local economy was expanding.
* On average, farmland prices have declined by 5.1 percent over the past 12 months.
* Approximately 73.9 percent of bankers expect agriculture- equipment sales to continue to decline in their area over the next year.

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