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Best of NAMA 2022












RURAL MAINSTREET ECONOMIC INDEX FALLS BELOW GROWTH NEUTRAL AGAIN: FIFTH STRAIGHT MONTH
Source: Creighton University

October 2022 Survey Results at a Glance:

The overall index fell below growth neutral for the fifth straight month.

Farm equipment sales dropped for the second time in the past three months.

Economic confidence index plummeted to its lowest level since May 2020.

On average, bank CEOs expect 2022 Christmas and holiday buying to expand by less than 1%, or 0.8%, from last year.

Almost one-fourth of bankers reported that their local economy was currently in a recession.

Approximately three of four bankers expect a recession to begin in 2023.

Bank CEOs project 2022 farm equity to be 3.4% above 2021 levels. This compares to the USDA's 4.2% estimate for the nation's farmers.

To read the entire report click here.


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