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Bankers survey projects drop in holiday retail sales

Bankers survey projects drop in holiday retail sales Photo: WDIO-TV file

The Associated Press
Created: November 19, 2020 10:46 AM

OMAHA, Neb. (AP) - More than half of bankers surveyed in rural parts of 10 Plains and Midwestern states are projecting a drop in holiday retail sales this year from last year as the coronavirus pandemic worsens across the country.

The Rural Mainstreet Survey's overall index fell to 46.8 in November from October’s 53.2. It's the first time since April that the index has fallen, but it remains well ahead of the 35.5 reading in March, when the index bottomed out as the outbreak began.

Any score below 50 suggests a shrinking economy, while a score above 50 suggests a growing economy.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

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The Associated Press

Copyright 2020 The Associated Press. All rights reserved.

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