fedgazette

Winter Manufacturing Business Conditions Survey Results: State Comparison

Toby Madden - Regional Economist

Published May 1, 2005  |  May 2005 issue

Diffusion Index*

Compared to the first half of 2004, in the second half of 2004 your location's:
  District U.P. MN MT ND SD WI
Number of orders
64
67
60
54
69
78
74
Product/service
production level
65
63
62
60
65
78
71
Employment level
57
57
57
41
60
68
57
Investment in plant/equipment
55
63
51
56
56
69
56
Prices
67
80
63
67
79
70
70
Productivity
65
77
60
69
77
74
71
Profits
44
54
39
48
54
57
45
Exports**
56
50
63
50
59
53
56
Compared to the second half of 2004, during the next six months you expect your location's:
  District U.P. MN MT ND SD WI
Number of orders
64
57
61
70
79
73
60
Product/service
production level
67
67
64
67
81
76
63
Employment level
59
63
55
63
63
73
60
Investment in plant/equipment
56
87
50
65
67
65
52
Prices
67
77
64
70
79
73
68
Productivity
66
77
62
69
83
72
66
Profits
53
60
48
65
63
62
50
Exports**
57
55
61
52
63
53
59
What is your outlook on the following state economic indicators during the next six months:
  District U.P. MN MT ND SD WI
Business investment
63
77
56
72
73
76
65
Employment
63
63
57
72
69
76
68
Consumer spending
58
80
49
69
73
69
62
Inflation
80
90
79
76
83
80
79
Economic growth
65
80
55
76
79
82
76
Corporate profits
55
50
49
63
67
72
60

* A number above 50 indicates expansion and a number below 50 represents contraction. The index is computed by taking the percentage of respondents that reported "up" and half the percentage of the respondents that reported "same."

** A majority of respondents left this question blank.

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