Economic Outlook Survey
The third quarter Economic Outlook Survey for 2018 was released on October 1, 2018 with three quarters of the IBC members anticipating higher sales in the next six months. To support this projected sales growth, half of IBC members expect to add to their workforce, and 60 percent project an increase in capital spending.
Thus far, 2018 has been a year marked by confidence in Iowa's economy. This quarter's index number for capital spending, 70, came in as the highest recorded number for this metric in the past ten years, while the overall index number from the second quarter of this year was the highest overall index number reported in ten years.
To review the press release and expanded results from the Iowa Business Council's 2018 third quarter Economic Outlook Survey, click here.