Statewide Iowa — The latest Iowa Association of Business and Industry Quarterly Business Survey shows continued optimism among the 15-hundred organizations it represents.
ABI President Mike Ralston says businesses are not wavering despite some tough economic conditions.
There was one thing in the survey that Ralston didn’t expect.
He says capital spending now is huge in the face of high inflation, the high cost of materials, and the trouble getting materials on time.
Ralston thinks some of the potential capital spending is to deal with the worker shortage.
He says the pandemic has caused businesses to sort of change the way they handle inventory.
Ralston says they’ve got a little increase in inventory costs but it’s better to be able to fill that order in the end and get paid. Around half of the ABI members are manufacturers.
