OMAHA, N.E.(KELO)- For the first time since March, our regional economy is turning negative.
That’s the reading of Creighton University’s monthly survey of community bankers in our 10-state region.
Economist Ernie Goss says the softer economy is the result of the Federal Reserve Board’s efforts to control inflation.
South Dakota’s reading was better than it was last month, but still slightly on the negative side.
Bankers in the survey say one of their major concerns is an expected downturn in farm income this year.