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Iowa Business Council Releases First Quarter Results

DES MOINES, IOWA – (March 1, 2010) Increased levels in sales, capital spending, and employment projected for the coming six months has moved the 2010Q1 Iowa Business Council (IBC) Overall Economic Outlook Survey Index (OSI) to 54.3 – its first time in positive sentiment territory since the third quarter of 2008 (six quarters ago). The Overall OSI is more than six points higher than three months ago (47.7), and 19 points higher from one year ago (35.3). The survey was completed by the 20 corporate members of the Iowa Business Council during the second half of February, the results of which were released today.

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