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Published November 19, 2010, 11:30 AM

Economy survey: Midwest, Plains bankers perking up

OMAHA, Neb. — A November survey of rural bankers in the Plains and Midwest suggests growing economic optimism, in part because of healthy farm income.

OMAHA, Neb. — A November survey of rural bankers in the Plains and Midwest suggests growing economic optimism, in part because of healthy farm income.

The overall index for the Rural Mainstreet economic rose to 53.3 this month, compared with 48.4 in October and 47.6 in September.

The November figure is the highest since May and well above the 38.4 of November 2009 and 22.1 of November 2008.

Economist Ernie Goss, who oversees the survey, says businesses dependent on the farm economy are continuing to do well.

The index runs 0 to 100. Organizers say a score above 50 suggests the economy will expand over the next few months.

The survey covers Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.

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Creighton University economic surveys

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