Survey of bankers shows another dip in economy - KTTC Rochester, Austin, Mason City News, Weather and Sports

Survey of bankers shows another dip in economy

OMAHA, Neb. (AP) -- A survey of rural bankers in 10 Midwest and Plains states shows a further dip in the economy after signs of a rebound earlier this year.

The overall index for the Rural Mainstreet economic report dropped to 46.0 in August, from 49.3 in July and 52.6 in June.

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

The index had been above 50 from April to June after a 26-month streak below that mark.

Survey organizers say bankers are seeing "significant pullbacks in economic activity."

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed for the report.

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