A survey of rural bankers in 10 Midwest and Plains states released on June 17 showed continued signs of a rebounding economy, though some bankers remain cautious about the future.
The overall index for the Rural Mainstreet economic report dipped to 52.6 for June, from 54.3 the month before. The June 2009 index was 34.
The index ranges between 0 and 100. A score less than 50 suggests the economy will contract in the next few months; more than 50 indicates the economy will expand.
After 26 months below neutral growth, the index in June marked its second month above neutral, said survey organizers Ernie Goss, a Creighton University economist, and Bill McQuillan, CEO of CNB Community Bank of Greeley, Neb.
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