His July Rural Mainstreet Index declined to 50.7 from 51.3 in June and bankers reported an eleventh straight month of negative growth. Farm equipment sales have been depressed for a year and farmland prices are expected to drop again because regional exports are down nearly $200 million from the same period as last year.
South Dakota's manufacturing exports fell nearly eleven percent for a second month and supply managers are pessimistic about future trends as Trump state weakness continued and the employment index slumped below growth neutral for a seventh straight month. The RMI indicates that South Dakota's wholesale price gauge fell for the fifth straight month while exports of agriculture goods and livestock were down in July by a whopping 49.1% from the same cycle in 2023. Goss said the Mid America Business Conditions Index slipped slightly to 46.7 in July from 46.9 in June.
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