Iowa Manufacturers Look to Next Quarter
20 Sep 2022
News
DES MOINES, Iowa – There’s a feeling of uncertainty among Iowa manufacturers, according to the latest Iowa Association of Business and Industry (ABI) Quarterly Business Survey. ABI sent this survey to its board mid-September.
- Survey results show 60 percent of respondents plan to make capital expenditures in the fourth quarter of 2022, down from 70% in Q3.
- Fifty-six (56) percent of respondents expect the number of employees in their business to stay about the same, with 40 percent expecting numbers to grow.
- Thirty-seven (37) percent of respondents expect sales to expand in the third quarter of the year. This is a decrease from 48 percent in the third quarter and 60 percent for the second quarter of 2022. 18percent expect sales to retract, a 5 percent increase from last quarter.
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