Iowa Manufacturing Index Slips in July as Sector Loses 4,600 Jobs
Updated
Updated · Radio Iowa · Aug 3
Iowa Manufacturing Index Slips in July as Sector Loses 4,600 Jobs
3 articles · Updated · Radio Iowa · Aug 3
Summary
Iowa’s July Business Conditions Index fell from June but stayed above growth-neutral, signaling continued expansion even as momentum softened.
Ernie Goss said inflation and the war in Iran are weighing on factories through slower deliveries and higher prices, raising stagflation concerns without tipping the economy into it.
Federal data show Iowa manufacturing lost 4,600 jobs over the past 12 months—2.1% of the state’s factory base—tracking a broader U.S. decline of 37,000 jobs.
Across Creighton’s nine-state region, only three states improved in July, though supply managers still said they expect economic conditions to hold up through year-end.