IBC Sees Continued Impact Of National Economy On Iowa Businesses

Des Moines, Iowa — The Iowa Business Council’s third-quarter Economic Outlook Survey shows continued concern about the national economy among its members.

IBC president Joe Murphy says they measure member expectations for sales, capital spending and employment for the next six months.

That threshold is 50 which indicates a positive outlook on the 100 point scale and the latest survey is just under 60. Murphy says concern about a recession remains.

He says the concern about a recession has come back.

He says the inflation and higher interest rates are hitting the customers of the member businesses.

Murphy says those are concerns about the national economy, but the key is that the Iowa economy remains strong.

The Iowa Business Council has 21 members who are the leaders of major Iowa employers with some 150-thousand workers in the state.



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