Banker survey indicates Midwest economy is near growth neutral

July 19, 2019 - 5:50 am

Creighton University's Rural Mainstreet survey of bankers in parts of 10 Plains and Western states released Thursday shows the survey's overall index falling from 53.2 in June to 50.2 this month. Any score above 50 suggests a growing economy, while a score below 50 indicates a shrinking economy.

Creighton University economist Ernie Goss, who oversees the survey, says higher agriculture commodity prices and rebuilding from recent floods helped prop up the region's economy last month. But he added that nearly 9 of 10 bankers surveyed say President Donald Trump's trade skirmishes are having a negative effect on their local economies. That's up from 8 in 10 who said the same thing in September.

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

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