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Supply disruption worries reflected in quarterly Iowa Business Survey


Iowa manufacturers are concerned about supply disruptions due to coronavirus, according to the results of the latest ABI Quarterly Iowa Business Survey released Tuesday. “Uncertainty is never good for business, and members are concerned about the unknown,” said ABI President Mike Ralston. “It’s not clear whether this will be a short-term or a long-term issue.” That uncertainty was reflected in the survey results, as members projected decreased sales, hiring and capital expenditures for the second quarter. Among the 32 respondents, 47% expect sales to expand in the next quarter, while 41% expect sales to remain the same and the remainder said sales will decline. One year ago, 73% said they expected second-quarter sales to expand. The survey was conducted in early March. Nearly half of ABI’s 1,500 member companies are manufacturers; the association represents nearly every industry in Iowa except retail. 

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