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IBC Issues Latest Economic Survey

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October 4th, 2023 by Ric Hanson

The Iowa Business Council’s third-quarter Economic Outlook Survey shows continued concern about the national economy among its members. I-B-C president Joe Murphy says they measure member expectations for sales, capital spending and employment for the next six months. He says they saw a decline in each of those categories but the remained about 50 which indicates a positive outlook on the 100 point scale. The latest survey is just under 60. Murphy says concern about a recession remains and whether there will be one and how it will impact things. He says the inflation and higher interest rates are hitting the customers of the member businesses. Murphy says that the Iowa economy remains strong and that is why there is still optimism in the state.