Table 1: Rural Mainstreet Economy Last 2 Months & One Year Ago: (index > 50 indicates expansion) Jan. - 18 Feb.-17 Feb. - 18 Area economic index 45.8 46.8 54.8 Loan volume 50.1 54.4 53.8 Checking deposits 68.1 57.8 48.8 Certificates of deposit and savings instruments 46.8 43.5 45.2 Farmland prices 33.7 42.2 46.3 Farm equipment sales 20.5 24.4 33.8 Home sales 57.8 51.2 52.4 Hiring 54.3 50.0 58.8 Retail business 45.8 43.5 47.6 Confidence index (area economy six months out) 45.7 46.7 52.4 Table 2: The Rural Mainstreet Economy, February 2018 Percentage of bankers reporting Modest Modest Strong Recession Downturn No Growth Upturn Growth How would you describe the economy in your area? 2.4% 38.1% 35.6% 19.1% 4.8% Percentage of bankers reporting Greater Greater than than 15% 1% - 5% 1% to 5% 15% decline reduction No change increase increase In terms of agriculture equipment sales for dealers in your area for the next year, 22.0% 41.6% 41.5% 0.0% what do you expect? 4.9%
Table 1: Rural Mainstreet Economy Last 2 Months & One Year Ago: (index > 50 indicates expansion) Feb.-17 Jan. - 18 Feb. - 18 Area economic index 45.8 46.8 54.8 Loan volume 50.1 54.4 53.8 Checking deposits 68.1 57.8 48.8 Certificates of deposit and savings instruments 46.8 43.5 45.2 Farmland prices 33.7 42.2 46.3 Farm equipment sales 20.5 24.4 33.8 Home sales 57.8 51.2 52.4 Hiring 54.3 50.0 58.8 Retail business 45.8 43.5 47.6 Confidence index (area economy six months out) 45.7 46.7 52.4 Table 2: The Rural Mainstreet Economy, February 2018 Percentage of bankers reporting Recession Modest Downturn No Growth Modest Upturn Strong Growth How would you describe the economy in your area? 2.4% 38.1% 35.6% 19.1% 4.8% Percentage of bankers reporting Greater than 15% decline 1% - 5% reduction No change 1% to 5% increase Greater than 15% increase In terms of agriculture equipment sales for dealers in your area for the next year, what do you expect? 22.0% 41.5% 41.6% 4.9% 0.0%
Tables_1_and_2_-_February_2018.docx