Iowa businesses show ‘robust’ increase in optimism about economy for 2023

Iowa businesses have an optimistic outlook due to a 2022 tax-cut package, diverse industries, and other factors, according to an Iowa business organization’s quarterly survey. 

The Iowa Business Council’s (IBC) quarter two economic outlook survey indicates “strong confidence” in Iowa’s economy, with the index rising since quarter one.  The survey, taken quarterly by 21 chief executives from some of the largest businesses in Iowa, showed an increase in optimism for the upcoming six months. 

The index is a weighted average calculated through a formula based on employers’ responses to survey questions about spending, sales and employment. It showed a robust increase across all three metrics, according to Joe Murphy, president of the IBC. 

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