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Midwest Economy Receives Good Rating
OMAHA, Neb. (AP) - The economy remains strong in rural areas of
10 Midwest and Plains states because of the health of agricultural
businesses there.
The overall economic index on the new monthly Rural Mainstreet
survey rose to 58.5 in May from April's already healthy 57.1. Any
score above 50 on the index suggests growth in the months ahead.
Creighton University economist Ernie Goss says even though the
May numbers are positive, he believes the region's economic growth
will slow in the months ahead as the global economy weakens and
crop prices decline.
The survey covers rural areas of Colorado, Illinois, Iowa,
Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota
and Wyoming. The survey focuses on 200 rural communities with an
average population of 1,300.
© Associated Press
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