Rural Midwest economic outlook slowing down

OMAHA, Neb. (AP) – A new survey suggests slower economic growth ahead in rural areas of 10 states in the Plains and the West.

Creighton University economist Ernie Goss said Thursday falling grain prices and weak global growth are weighing down the economy in rural areas.

The overall economic index for the region fell to 43.4 in October from September’s already negative 48.2. The index has been steadily falling since June 2013 when it hit 60.5.

The survey indexes range from 0 to 100. Any score below 50 suggests decline in the months ahead.

Bankers from rural areas of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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