(Radio Iowa) – A survey finds Iowa’s economy further slumped during November following a “weak” showing in October.
Creighton University economist Ernie Goss says the monthly survey of business leaders and supply managers in Iowa and eight other Midwestern states found the state and regional economies sputtering. Goss says they asked about the biggest challenges to manufacturing in the months ahead. Supply chain disruptions was the top concern, followed by higher inflation rates, labor shortages and cyber threats.
Goss says the leaders of many Midwestern manufacturing businesses are concerned about next month’s potential longshoremen’s strike for the 17 ports on the East and Gulf coasts, and its impact on the supply chain. He says manufacturers and agricultural interests are also scared about President-elect Trump’s call for tariffs.