Iowa Manufacturers Expect Increased Sales and Capital Expenditures in the First Quarter of 2022
4 Jan 2022
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.
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