Economic Outlook Survey
The fourth quarter Economic Outlook Survey for 2018 was released on January 3, 2019, with IBC members reporting high hopes for 2019. This optimism is bolstered by the fact that two thirds of the members anticipate higher sales in the next six months. To support this projected sales growth, 60 percent of respondents expect to add to their workforce, and half project an increase in capital spending.
Despite this bullish economic forecast, nearly 80 percent of executives cite attracting, developing and retaining a quality workforce as their primary business challenge. This sentiment was echoed by small and medium sized businesses at the IBC's Vision to Vitality forums in 2018.
To review the press release and expanded results from the Iowa Business Council's 2018 fourth quarter Economic Outlook Survey, click here.