Survey results released by the Iowa Association of Business and Industry (ABI) this week found members are confident about the state’s economy.
“Iowa’s economy is doing well,” said Mike Ralston, ABI president and a resident of Nevada. “Confidence is high and business leaders expect positive trends will continue.”
Despite the feelings of certainty, a shortage in skilled labor and rising material costs are top concerns.
“ABI members continue to prioritize workforce as the number one issue for Iowa businesses,” said Ralston. “It’s why workforce has been ABI’s legislative priority for several years.”
ABI surveyed its board members in September 2018. The survey found:
• 71 percent of survey respondents expect sales to expand over the next year. 24 percent expect sales to stay the same.
• 59 percent of survey respondents expect the number of employees in their business to grow over Q4. 35% expect the number to stay the same.
• 65 percent of survey respondents plan to make capital expenditures in Q4.
• A shortage of skilled labor and rising material costs were identified as top issues for survey respondents in Q4.
The survey results may be found at https://bit.ly/2OugFdi.