Tariffs and Possible Trade War Worries Wyoming Banks
OMAHA, Neb. (AP) — A monthly survey of bankers shows that concerns over a trade war have hurt confidence in the economy in rural parts of 10 Plains and Western states.
Creighton University economist Ernie Goss says weak farm income continues to weigh on the rural economy, but that the survey in recent months shows the economy is trending upward.
The overall Rural Mainstreet index slipped slightly to 53.5 in April from 54.7 in March. Any score above 50 suggests a growing economy in the months ahead, while a score below 50 indicates a shrinking economy.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.