WDAY.com

WDAZ: Your Home Team

Published May 21, 2010, 09:43 AM

Survey Shows Signs of Rebounding Economy

OMAHA, Neb. (AP) - A survey of rural bankers in 10 Midwest and Plains states shows signs of a rebounding economy.

By: Associated Press, WDAZ

OMAHA, Neb. (AP) - A survey of rural bankers in 10 Midwest and Plains states shows signs of a rebounding economy.

The overall index for the Rural Mainstreet economic report released Thursday jumped to 54.3 in May from 44.2 the previous month. The May 2009 index was 36.2.

The index ranges between 0 and 100. A score below 50 suggests the economy will contract in the next few months; above 50 indicates the economy will expand.

Survey organizers say the index had been below 50 for 26 consecutive months.

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

Tags: