The Rural Mainstreet Index
compiled by Creighton University economist Ernie Goss fell to a reading up 53.6
in June, down from 55.6 in May. It was, though, the fourth straight month in
which the index had a reading above the growth-neutral level of 50. The index
is compiled by surveying rural bank CEOs in a 10-state area, including Iowa.
The index in Iowa was 56,8, up from 55.8 last month, led by double-digit gains
in the farmland-price index and new-hiring index, which both make up the
overall index. The index shows that the economic conditions of areas highly
dependent on agriculture and energy are positive, but that growth is slowing,
as this is the first time the index has gone down since February, Goss said in
a news release. Goss is the Jack A. MacAllister chair in regional economics at
Creighton's Heider College of Business.