The Rural Mainstreet Index (RMI) is a 10-state survey of community bank presidents and CEOs on current economic conditions, showing a strong belief in expansion. The index ranges between 0 and 100, with a reading of 50.0 representing growth neutral.
“Sharp gains in grain prices, federal farm support and the Federal Reserve’s record-low interest rates have underpinned the Rural Mainstreet Economy,” says Ernie Goss, who chairs Creighton’s Heider College of Business and leads the RMI. “Only 3.1% of bank CEOs indicated economic conditions worsened from the previous month. Even so, current rural economic activity remains below pre-pandemic levels.”
Source: https://www.creighton.edu/economicoutlook/mainstreeteconomy/ and agweb.com
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