fedgazette

Winter Manufacturing Business Conditions Survey Results: Size 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:
  Total Small Medium Large
Number of orders
64
59
73
71
Product/service production level
65
59
75
58
Employment level
57
53
64
58
Investment in plant/equipment
55
49
64
79
Prices
67
65
69
63
Productivity
65
61
74
71
Profits
44
40
51
42
Exports**
56
54
58
55
Compared to the second half of 2004, during the next six months you expect your location's:
  Total Small Medium Large
Number of orders
64
59
72
75
Product/service production level
67
61
78
63
Employment level
59
53
71
58
Investment in plant/equipment
56
49
68
67
Prices
67
68
67
46
Productivity
66
62
75
63
Profits
53
50
59
42
Exports**
57
53
60
65
What is your outlook on the following state economic indicators during the next six months:
  Total Small Medium Large
Business investment
63
57
72
71
Employment
63
55
76
71
Consumer spending
58
52
68
58
Inflation
80
78
83
79
Economic growth
65
57
80
79
Corporate profits
55
50
65
58

* 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.

Notes: Relates to number of employees. Small is less than 50 employees, medium is 50 to 250 employees and large is more than 250 employees.

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