PIERRE, S.D. (MITCHELLNOW) The regional economy continues to show modest growth for a second consecutive month, according to Creighton University’s Rural Mainstreet Index. The index surveys small-town bankers across the region. Economist Ernie Goss says the biggest challenge remains weak commodity prices, which are driving up demand for agricultural loans. In fact, bank loans have reached a record high across the region. South Dakota’s reading dipped slightly compared to last month but still remains in positive territory. For more Government stories from MitchellNow.com, Click Here.
Rural Economy Holds Steady, But Low Commodity Prices Push Up Bank Loans
Creighton University’s latest Rural Mainstreet Index shows modest economic growth in the region for a second straight month. The survey, which gathers input from small-town bankers, highlights growing concerns over weak commodity prices.
