By Reuters Staff
2 Min Read
FILE PHOTO: People shop, during the coronavirus disease (COVID-19) pandemic, on 5th Avenue in New York, U.S., February 17, 2021. REUTERS/Brendan McDermid
WASHINGTON (Reuters) - Community bankers think of themselves as having a keen sense of the economic pulse in the cities, towns and rural areas where they do business, and if that is the case then the U.S. economy may indeed be poised to take off.
A new survey of sentiment among community bank executives showed confidence in the economy had rebounded close to the very optimistic outlook seen before the pandemic.
Overall economic confidence, according the most recent results of the quarterly survey conducted by the Conference of State Bank Supervisors, had jumped to 115 versus readings in the low 120s seen before the coronavirus health crisis. The survey responses are combined into an index so that anything above 100 expresses confidence in future economic and financial conditions.
Executives at small U S banks offer a jolt of optimism
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Executives at small U S banks offer a jolt of optimism
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.