Creighton: Iowa economy slowing
Creighton University’s April survey of Midwest business managers predicted solid growth, but showed Iowa’s economy slowing, Radio Iowa reported. Creighton economist Ernie Goss said labor shortages pushed the overall business conditions index lower for the month, though still showing growth. Difficulties in finding and hiring qualified workers “is the number-one factor slowing growth among the firms,” Goss said. “About 45% of the supply managers indicated that was the chief, the largest concern they have about growing their business for the next 12 months.” While the Midwest region’s business conditions index has been above growth-neutral for 29 straight months, Iowa’s index fell to 48.9 in April, below growth level, from 57.8 in March.