Economic Outlook Survey
The Iowa Business Council (IBC) members express a positive overall business sentiment according to the quarterly economic outlook survey released today. The survey results reinforced a strong economy and overall growth for the next six months. About 70 percent of IBC members anticipate higher sales and the majority expect employment to increase. However, challenges remain in attracting and retaining a quality workforce, the cost of healthcare and an unfavorable business climate, such as regulations and taxes.
In addition, this quarterly survey asked members about economic disruptors for their industries in the upcoming year. The answers revealed 35 percent of members see global trade issues having the potential for negative economic implications and another 15 percent said weather could pose a problem in agricultural sectors, linking Iowa's historical ag economy with long-range market outcomes. Overall, businesses desire a stable political and economic environment that allows more growth and expansion.
The survey's overall index number from last quarter remains largely consistent and positive, indicating a confident view of the economy, despite a small dip from last quarter (down from 65.5 to 63.75). The index number is a numeric measure that gauges business sentiment with any number over 50 indicating a positive perspective of the economy.
To review the full release, check the 2019 second quarter Economic Outlook Survey.