(KFOR NEWS February 19, 2021) For the 4th time in the past 5 months, the Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral. According to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy, the index increased to its highest level since January 2020.
The overall index for February rose to 53.8 from January’s 52.0. The index ranges between 0 and 100 with a reading of 50.0 representing growth neutral. Only 8% of bank CEOs indicated economic conditions worsened from the previous month.
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