fedgazette

Summer 2004 Manufacturing Business Conditions Survey Results

Total Ninth Federal Reserve District--State Comparison

Published September 1, 2004  |  September 2004 issue

Diffusion Index*

Compared to the second half of 2003,
in the first half of 2004 your location's:
  Total Small Medium Large
Number of orders
69
63
75
80
Product/service production level
69
63
76
81
Employment level
59
53
63
70
Investment in plant/equipment
58
52
61
64
Prices
70
68
74
64
Productivity
67
61
75
78
Profits
52
45
59
68
Exports**
62
58
67
71
 
Compared to the first half of 2004,
during the next six months you expect your location's:
 
Total
Small
Medium
Large
Number of orders
66
63
71
83
Product/service production level
65
61
70
78
Employment level
57
54
62
69
Investment in plant/equipment
56
52
60
64
Prices
56
52
66
53
Productivity
64
59
70
81
Profits
56
53
59
60
Exports**
60
63
63
61
 
What is your outlook on the following state economic indicators during the next six months:
 
Total
Small
Medium
Large
Business investment
61
57
67
82
Employment
63
59
70
76
Consumer spending
57
55
61
68
Inflation
79
78
80
75
Economic growth
66
63
70
81
Corporate profits
58
55
62
69

* A number above 50 indicates expansion and a number below 50 represents contraction. 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 greater than 250 employees.

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