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Business Confidence Index Hits 30-Year Low Due to War in Ukraine

March 02, 2022 Steve Schwaller

(Omaha, NE)– Iowa’s economy showed clear signs of improvement during February, according to the monthly Creighton University survey, but the Russian invasion of Ukraine pushed the survey’s business confidence index to its lowest level since it began in 1994. Creighton economist Ernie Goss says the Midwest economy is “up briskly”, but business leaders are still dealing with familiar challenges, including supply disruptions. And Goss adds that with what’s going on in Ukraine “you’d have to double that.”

More than one-third indicated that finding and hiring qualified workers was their biggest challenge. Also, nearly one in five respondents listed “rising input prices” as their top challenge.