fedgazette

Summer 2003 Manufacturing Business Conditions Survey Results

Table: Total Ninth Federal Reserve District--State Comparison

Published November 1, 2003  |  November 2003 issue

Diffusion Index*

  District U.P. MN MT ND SD WI
Compared to the second half of 2002, in the first half of 2003 your location's:
Number of orders
51
56
45
62
64
57
49
Product/service production level
53
56
48
62
66
58
54
Employment level
45
38
40
51
56
51
50
Investment in plant/equipment
47
44
43
52
56
47
53
Prices
47
47
46
53
47
50
48
Profits
36
32
32
41
38
43
39
Exports**
52
50
48
70
64
47
56
Debt level
51
38
55
49
55
43
46
 
Compared to the first half of 2003, during the next six months you expect your location's:
Number of orders
65
79
65
72
68
59
64
Product/service production level
64
76
64
73
65
54
60
Employment level
52
56
52
59
49
53
49
Investment in plant/equipment
49
68
48
51
50
49
44
Prices
50
59
49
54
53
44
51
Profits
50
75
48
49
49
47
51
Exports**
57
50
56
80
50
60
57
Debt level
45
47
48
40
45
43
42
 
What is your outlook on the following state economic indicators during the next six months:
Business investment
52
65
49
51
58
53
58

Employment

52
59
50
53
50
50
60
Consumer spending
56
76
52
57
69
54
57
Inflation
62
59
62
62
64
62
61
Economic growth
61
79
57
57
69
66
71
Corporate profits
51
74
47
48
56
49
59
 

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

** A majority of respondents left this question blank.


Return to: Manufacturers cautiously optimistic for second half of 2003

Survey Results [xls] | Survey Methodology

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Narayana Kocherlakota