A survey of bankers in Illinois and other Midwest states shows the rural economy remains weak, but includes signs of improvement.
The Rural Mainstreet Survey from Creighton University showed slight improvements in rural economies in September. The overall index remained negative at 46.9 in September, but that was improved from August’s 44.7. Professor of Economics Ernie Goss says many factors go into the index.
“How is the overall economy, we ask about loans, we ask about the agricultural sector and how that sector is doing,” said Goss. “We ask other questions, for example, housing sales and retail sales.”