CIRAS DIGEST: Friday, July 31, 2015

  • Industrial Distribution has a report from research firm IBISWorld describing the fact that manufacturing as a whole grew over the past 10 years, although some individual industries grew and shrank during that period. As a whole, the service sector grew faster, according to the report – accounting for the fact that manufacturing fell from 10.7 percent of the U.A. economy in 2005 to 8.1 percent in 2015.
  • If you’re looking for Iowa numbers, check out the latest edition of CIRAS’ Manufacturing in Iowa report. Manufacturing contributed $31.2 billion to Iowa’s economy last year, representing 18.3 percent of the states GDP and the second-largest chunk of the economy behind “financial activities.”
  • Closer to home, something called has a new beer industry study that credits itself (the beer industry) for contributing more than $3 billion annually to Iowa’s economy and being “linked” to 27,260 local jobs.
  • As you fire up the beach buggy, be advised that The Des Moines Register quotes a bunch of folks predicting $2 per gallon gasoline by the end of the year and throughout 2016.
  • And, ICYMI, a site called Midwest Producer quotes Nebraska Gov. Pete Ricketts at a pro-ethanol event he attended last week along with Iowa Lt. Gov. Kim Reynolds. Ricketts and the others were urging Congress not to cut the Renewable Fuel Standard, a federal rule that requires transportation fuel sold in the U.S. to contain a minimum volume of renewable fuel. The uncertainty over the future level is creating uncertainty, Ricketts said, and blocking ethanol-related companies from creating jobs.

Thanks for reading.

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