Economic outlook jumps into positive territory in Iowa Business Council’s Q3 survey
7 Oct 2020
Optimism among Iowa businesses grew in the third quarter of 2020, as expectations for increased employment, capital investment and sales rose, according to the Iowa Business Council’s Economic Outlook Survey released today.
Despite the positive sentiment, there were still some concerns over employment, according to the survey, which projects the state’s business climate over the next six months.
It was the first time in 2020 the index measured above 50, rising to 58.17 in the third quarter, a 17.46-point increase from the second quarter.
“We’re excited and optimistic about the future here in Iowa,” said Joe Murphy, executive director of the Business Council, ahead of the release of today’s report.