Economic Outlook Survey
The second quarter Economic Outlook Survey for 2018 was released on July 5, 2018 with 90 percent of the Iowa Business Council members anticipating higher sales in the next six months. To support this projected growth, two thirds of IBC members expect to add to their workforce, and 60 percent project an increase in capital spending.
This confident outlook points to the strength of the current economy, which is reflected in the rather significant increase in the survey’s overall index number from last quarter (up from 64.5 to 69.5). The overall index number is a numeric measure that gauges business sentiment with any number over 50 indicating a positive perspective of the economy.
Despite the continued growth prompted by the strong economy, over 80 percent of the IBC businesses cite attracting, developing and retaining a quality workforce as their primary business challenge. This figure is up 15 percent from the IBC’s first quarter survey, meaning workforce concerns are mounting.
To review the press release and expanded results from the Iowa Business Council's 2018 second quarter Economic Outlook Survey, click here.