fedgazette

Winter 2004 Manufacturing Business Conditions Survey Results

Total Ninth Federal Reserve District--State Comparison

Published May 1, 2004  |  May 2004 issue

Diffusion Index*

Compared to the first half of 2003, in the second half of 2003 your location's:

 
District U.P. MN MT ND SD WI
Number of orders
63
62
58
65
76
71
61
Product/service
production level
63
66
59
64
70
69
63
Employment level
51
52
50
51
60
54
50
Investment in plant/equipment
55
56
53
56
50
57
56
Prices
53
58
52
60
54
55
47
Productivity
64
64
62
66
57
66
72
Profits
45
52
42
52
44
55
40
Exports**
60
63
62
61
58
54
60
 
Compared to the second half of 2003, during the next six months you expect your location's:
  District U.P. MN MT ND SD WI
Number of orders
69
72
66
68
70
79
67
Product/service
production level
69
76
67
65
70
76
69
Employment level
57
48
57
55
60
56
60
Investment in plant/equipment
58
62
57
57
64
56
58
Prices
61
66
59
64
68
63
60
Productivity
69
76
67
65
71
70
73
Profits
60
70
57
57
65
68
54
Exports**
66
75
66
55
67
62
71
 
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
64
73
63
62
68
63
65
Employment
64
62
63
65
72
66
64
Consumer spending
66
78
64
61
70
72
61
Inflation
66
64
69
62
64
66
63
Economic growth
73
79
73
61
74
79
75
Corporate profits
64
75
65
59
71
65
58

* 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.

See also: Total Ninth Federal Reserve District Results—Size Comparison

Survey Methodology


Return to: Manufacturing some optimism in the district

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