Confidence in rural economy reported low

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OMAHA, Neb. (AP) - A survey of bankers suggests the rural economy is still faltering and that there is little confidence that conditions will be better in six months.

The Rural Mainstreet Index, compiled from a survey of bank CEOs in 11 Midwestern and Plains states, hit its fourth record low in a row.

The November figure of 22.1 follows record lows of 34.4 in October, 38.5 in September and 38.9 in August.

A year ago, the index was 54.1, well above growth-neutral figure of 50.

The confidence index hit 13.0 in November, less than half the dour outlook suggested by a figure of 27.2 in October.

Surveys were sent to rural bank CEOs in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming.

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