Thursday, March 18, 2010

A Survey of Rural Bankers Shows Progress. . .but. . .

(AP) In a new survey of rural bankers in eleven midwestern and plains states, including Minnesota, it's indicated that there are signs of improvement--but still continued weakness in the agricultural industry. The over-all index for the Rural Mainstreet Economic Report released late-today shows an increase of over 10 points since February at 47.4. Any score below 50 suggests the economy will contract in the next few months--but that score is remarkably better than last March's reading of 18.7.

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