The rural economy in the middle of the country is not booming – but it’s moving upward. The Creighton University Rural Mainstreet Index, or RMI, increased in July. According to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy, July’s overall index climbed to 44.1, well below growth neutral, but up from June’s 37.9, and April’s record low 12.1. The index ranges between 0 and 100 with a reading of 50 representing growth neutral.
(Read more: WIBW News Now)
