Iowa Manufacturers Expect Increased Sales and Capital Expenditures in the First Quarter of 2022
4 Jan 2022
News
DES MOINES, Iowa – Iowa manufacturers expect increased sales and plan to invest in capital expenditures in the first quarter of 2022, according to the latest Iowa Association of Business and Industry (ABI) Quarterly Business Survey. ABI sent this survey to its board in late November.
- Seventy-six (76) percent of respondents expect sales to expand in the first quarter of the new year. This is an increase from 70 percent for the last quarter of 2021.
- Fifty (50) percent of respondents expect the number of employees in their business to grow, while another 50 percent expect their number of employees to stay the same. For the last quarter of 2021, 56 percent of respondents predicted the number of employees in their business to grow. This is down from 72 percent in the third quarter of 2021.
More Topics
It’s All About Precision
Jan 4 2022Despite the slowdown in elective medical procedures prompted by the COVID-19 pandemic, 2021 has been a banner year for medical device manufacturers. Capital commitments within the sector, according to a report issued in late July by Silicon Valley Bank, are way up.
“Looking at dollars raised,” says the report,...
Move Along Now
Jan 3 2022The $222 million replacement of the Merchants Bridge across the Mississippi River at St. Louis reached a milestone in September with the installation of the first of three new trusses. Dating to 1890, the Merchants Bridge serves six Class I railroads and Amtrak in the nation’s second largest rail hub...
We all know that in the past two years, the only constant for small business owners has been change. Thousands of businesses changed their business model at the onset of the pandemic, introducing new products or services and embracing new channels to reach their customers. Thousands more launched new businesses...