Omaha, Nebraska – A monthly survey of supply managers and business leaders in Iowa and eight other states found that the economy in Iowa — and the Midwest — slowed in April.
Creighton University economist Ernie Goss says the region’s economy is still in the “healthy” category, but was no longer considered “very strong” in March. Goss says much of the blame can be attributed to supply chain disruptions.
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The prices consumers are paying for most goods remain high, and survey results suggest things are unlikely to improve any time soon.
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Long-term interest rates are likely to rise by a full percentage point, Goss predicts, with widespread domino effects.
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The survey shows that Iowa’s April Business Conditions Index fell to 69.8, again on a scale of zero to 100, from 75.6 in March. For the nine-state region, the April composite index showed a “still healthy” 65 .9, compared to a “very strong” rating of 71.3 in March.
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