Iowa's Rural Mainstreet Index fell in April
Thursday, April 20, 2017 2:49 PM
Creighton University's April Rural Mainstreet Index for Iowa fell to 39.1 from 40 the month before. The state's farmland-price index dropped to 28.5 from 30.4 in the same period. But the new-hiring index rose to 51.5 in April from 50.5 in March, both in growth territory. For the region, the overall index fell to 44.6 from 45.3. The index has been below 50, showing a lack of growth, since August 2015. The survey of bank presidents and CEOs in rural parts of 10 states is intended to show a six-month economic outlook. Creighton economist Ernie Goss said livestock and grain prices have both fallen, dragging sales down with them.