Economic Research
EconomistsResearch Economists
All Publications and Papers for
Toby Madden
Regional Economist
Manufacturing activity up again in 2012; stable activity expected for 2013
January 2013 - fedgazette
Additional Files [pdf]
Many business leaders expect sluggish economic growth in 2013
January 2013 - fedgazette
Additional Files [pdf]
Professional services firms expect increase in activity
June 2012 - fedgazette
Business leaders expect solid growth for their companies in 2012
December 2011 - fedgazette
Additional Files [pdf]
Manufacturing activity up again in 2011; faster growth expected in 2012
December 2011 - fedgazette
Additional Files [pdf]
Businesses see expansion over the next four quarters
June 2011 - fedgazette
Minneapolis Fed Forecasts Economic Improvement in the Ninth District for 2011
December 2010 - News Releases
Businesses are optimistic for 2011
December 2010 - fedgazette
Additional Files [pdf]
Manufacturing activity up in 2010; increases expected in 2011
December 2010 - fedgazette
Mild Ninth District recovery expected to warm up
December 2010 - fedgazette
Additional Files [pdf]
Professional services firms expect rebound over the next year
July 2010 - fedgazette
Despite uncertainty, moderate economic growth expected
June 2010 - fedgazette
Agricultural finances slipped slightly in the fourth quarter
January 2010 - Agricultural Credit Conditions Survey
A slow recovery is under way
January 2010 - fedgazette
Additional Files [pdf]
District trade increased with NAFTA
January 2010 - fedgazette
Additional Files [pdf]
Further evidence that businesses are still facing tough credit conditions
January 2010 - fedgazette
Looks like another slow year
January 2010 - fedgazette
Additional Files [pdf]
Manufacturing crashed in 2009; small bounce expected in 2010
January 2010 - fedgazette
Additional Files [pdf]
Minneapolis Fed Forecasts Slow Recovery in the Ninth District for 2010
December 2009 - News Releases
Blending Psychology and Economics
December 2009 - The Region
Additional Files [pdf]
Agricultural income takes a hit in the third quarter
October 2009 - Agricultural Credit Conditions Survey
Economic Myth Busters
September 2009 - fedgazette
Additional Files [pdf]
Agriculture continues decline in second quarter
August 2009 - Agricultural Credit Conditions Survey
Professional Services Survey
July 2009 - fedgazette
Recession persists; modest recovery in view
July 2009 - fedgazette
Economic Myth Busters
May 2009 - fedgazette
Additional Files [pdf]
Agriculture declines during the first quarter of 2009
April 2009 - Agricultural Credit Conditions Survey
Minneapolis Fed Forecasts Economic Downturn will Continue Through 2009 in the Ninth District
February 2009 - News Releases
Agriculture slips in the fourth quarter of 2008
January 2009 - Agricultural Credit Conditions Survey
All signs point to a down 2009
January 2009 - fedgazette
Additional Files [pdf]
Manufacturing sliding into 2009
January 2009 - fedgazette
Additional Files [pdf]
Ninth District economy slips into recession
January 2009 - fedgazette
Additional Files [pdf]
Minneapolis Fed Looks at Credit Crunch, Forecasts Continuing Economic Downturn in the Ninth District for 2009
December 2008 - News Releases
“Current agricultural conditions are positive”
October 2008 - Agricultural Credit Conditions Survey
Do disasters have a silver lining?
September 2008 - fedgazette
Agricultural boom loses some steam
August 2008 - Agricultural Credit Conditions Survey
A soft district economy expected
July 2008 - fedgazette
Additional Files [pdf]
Professional services firms expect sluggish activity over the next year
July 2008 - fedgazette
Additional Files [pdf]
Agricultural boom continues, but what lies ahead?
May 2008 - Agricultural Credit Conditions Survey
Agricultural conditions solid
January 2008 - Agricultural Credit Conditions Survey
A slower growing economy in 2008
January 2008 - fedgazette
Mixed bag for 2008
January 2008 - fedgazette
Additional Files [xls]
Solid manufacturing growth but slow economic activity
January 2008 - fedgazette
Additional Files [xls]
Wikinomics: How Mass Collaboration Changes Everything
December 2007 - The Region
Good times for agriculture
October 2007 - Agricultural Credit Conditions Survey
Agricultural finances strong
July 2007 - Agricultural Credit Conditions Survey
Ag producers expect higher revenues, costs
July 2007 - fedgazette
Professional services firms expect businesses to keep spending, consumers to reduce spending
July 2007 - fedgazette
West outpaces east in district economic growth
July 2007 - fedgazette
Farmers optimistic for 2007
April 2007 - Agricultural Credit Conditions Survey
Agriculture bounces back in fourth quarter 2006
January 2007 - Agricultural Credit Conditions Survey
Business leaders see growth in 2007
January 2007 - fedgazette
Manufacturing: “Business is booming—cannot keep up with orders”
January 2007 - fedgazette
Moderate economic growth expected in 2007
January 2007 - fedgazette
Get a job and love it
November 2006 - fedgazette
Agriculture slips during third quarter
October 2006 - Agricultural Credit Conditions Survey
Tough second quarter for agricultural producers
July 2006 - Agricultural Credit Conditions Survey
District economic growth remains on track
July 2006 - fedgazette
Energy drives district farmers' planting decisions
July 2006 - fedgazette
Professional services firms anticipate higher profits, tighter labor supply
July 2006 - fedgazette
Synthetic Worlds: The Business and Culture of Online Games
June 2006 - The Region
Farm profits down slightly in first quarter; may dip further in second
April 2006 - Agricultural Credit Conditions Survey
Farm profits up in 2005, but dark clouds are on the horizon
January 2006 - Agricultural Credit Conditions Survey
District business leaders expect modest overall growth in 2006
January 2006 - fedgazette
Additional Files [xls]
District economic expansion to continue in 2006
January 2006 - fedgazette
Manufacturing: On the up and up
January 2006 - fedgazette
Additional Files [xls]
Katrina reaches into the Ninth District
November 2005 - fedgazette
Despite large harvest, ag lenders worry
October 2005 - Agricultural Credit Conditions Survey
Many agricultural lenders report increased farm income in the second quarter
July 2005 - Agricultural Credit Conditions Survey
District economy continues to grow
July 2005 - fedgazette
Manufacturing lots of work for little profit
May 2005 - fedgazette
Additional Files [xls]
Winter Manufacturing Business Conditions Survey Results: Size Comparison
May 2005 - fedgazette
Winter Manufacturing Business Conditions Survey Results: State Comparison
May 2005 - fedgazette
District agricultural producers benefited from strong prices
April 2005 - Agricultural Credit Conditions Survey
Ag year ends on high note
January 2005 - Agricultural Credit Conditions Survey
Ag conditions were solid despite cool weather
January 2005 - fedgazette
Business leaders very optimistic
January 2005 - fedgazette
District economy to expand in 2005
January 2005 - fedgazette
District natural resources still an economic factor
November 2004 - fedgazette
Ag conditions were solid despite cool weather
October 2004 - Agricultural Credit Conditions Survey
Bank Web sites double in four years
September 2004 - fedgazette
Manufacturing machine heats up
September 2004 - fedgazette
Additional Files [xls]
Retail price hikes expected
September 2004 - fedgazette
Ag conditions remain strong despite cool weather
July 2004 - Agricultural Credit Conditions Survey
Solid growth expected for district economy
July 2004 - fedgazette
Manufacturing some optimism in the district
May 2004 - fedgazette
Additional Files [xls]
High prices prompt strong ag conditions
April 2004 - Agricultural Credit Conditions Survey
Lenders optimistic following a strong fourth quarter
March 2004 - Agricultural Credit Conditions Survey
Cattle prices on a two-year wild ride
March 2004 - fedgazette
An economic expansion with jobs expected in 2004
January 2004 - fedgazette
Business outlook best in four years
January 2004 - fedgazette
Additional Files [xls]
Manufacturers cautiously optimistic for second half of 2003
November 2003 - fedgazette
Additional Files [xls]
Drought led to mediocre third quarter, but end-of-year outlook buoyant
October 2003 - Agricultural Credit Conditions Survey
Community bank Web sites offer personal touch
September 2003 - fedgazette
Workforce quality top consideration for Minnesota companies
September 2003 - fedgazette
First-quarter ag survey shows west and east are hurting
July 2003 - Agricultural Credit Conditions Survey
Lenders expect agriculture finances to increase this year
July 2003 - Agricultural Credit Conditions Survey
First-quarter ag survey shows west and east are hurting
July 2003 - fedgazette
Low-key expansion continues for district
July 2003 - fedgazette
Agriculture up in Minnesota and eastern Dakotas, but down in Montana and western Dakotas
May 2003 - Agricultural Credit Conditions Survey
Crop price increases a mixed blessing
May 2003 - fedgazette
District manufacturers: tough 2002, cautiously optimistic 2003
May 2003 - fedgazette
Additional Files [xls]
Tax collections vary widely across the district
March 2003 - fedgazette
Agricultural conditions mixed in third quarter
January 2003 - Agricultural Credit Conditions Survey
Agricultural conditions mixed in third quarter
January 2003 - fedgazette
Additional Files [xls]
Business leaders are slightly optimistic for 2003
January 2003 - fedgazette
Additional Files [xls]
District economy to expand modestly
January 2003 - fedgazette
Mother Nature hits farmers and ranchers in second quarter
November 2002 - fedgazette
Additional Files [xls]
Mother Nature hits farmers and ranchers in second quarter
September 2002 - Agricultural Credit Conditions Survey
Bank Web sites address privacy concerns—customers and their own
September 2002 - fedgazette
Mother Nature hits farmers and ranchers in second quarter
September 2002 - fedgazette
Additional Files [xls]
Agricultural finances weaken
July 2002 - fedgazette
District economy expected to recover modestly
July 2002 - fedgazette
Agricultural Financial Performance Weakens
May 2002 - Agricultural Credit Conditions Survey
Agricultural Financial Performance Weakens
May 2002 - fedgazette
Additional Files [xls]
Survey shows Minnesota manufacturers cautiously optimistic about recovery in 2002
May 2002 - fedgazette
Echo boomers are in their 20s
March 2002 - fedgazette
Farmers' and ranchers' financial conditions deteriorate slightly
January 2002 - Agricultural Credit Conditions Survey
Business leaders pessimistic for 2002
January 2002 - fedgazette
Additional Files [xls]
District economy slowed in 2001; expected to remain sluggish in 2002
January 2002 - fedgazette
Farmers' and ranchers' financial conditions deteriorate slightly
January 2002 - fedgazette
Additional Files [xls]
Financial condition of farmers and ranchers varies across the district
November 2001 - Agricultural Credit Conditions Survey
Financial condition of farmers and ranchers varies across the district
November 2001 - fedgazette
Additional Files [xls]
Despite poor first half, manufacturers express hope for late rebound
November 2001 - fedgazette
Additional Files [xls]
Natural Resources play a minor, but important, role in the district economy
September 2001 - fedgazette
Ninth District bank Web sites increase services
September 2001 - fedgazette
Little change in overall finances of district farmers and ranchers
July 2001 - Agricultural Credit Conditions Survey
District activity echoes slow national growth
July 2001 - fedgazette
Little change in overall finances of district farmers and ranchers
July 2001 - fedgazette
Additional Files [xls]
Ninth District economy mirrors the U.S. slowdown.
July 2001 - fedgazette
District farm outlook uncertain, but North Dakota upbeat
May 2001 - Agricultural Credit Conditions Survey
District farm outlook uncertain, but North Dakota upbeat
May 2001 - fedgazette
Additional Files [xls]
District farmers and ranchers in better financial condition
January 2001 - Agricultural Credit Conditions Survey
A slower, but still growing Ninth District economy forecast for 2001
January 2001 - fedgazette
Additional Files [xls]
Business poll reflects cautious optimism
January 2001 - fedgazette
Additional Files [xls]
District farmers and ranchers in better financial condition
January 2001 - fedgazette
Additional Files [xls]
Ag finances improve, but farmers still struggling
October 2000 - Agricultural Credit Conditions Survey
Ag finances improve, but farmers still struggling
October 2000 - fedgazette
Additional Files [xls]
Montana fires ignite questions about economic impact
October 2000 - fedgazette
Ninth District Bank Web Sites
October 2000 - fedgazette
Ninth District bank Web sites become more sophisticated
October 2000 - fedgazette
Ag bankers see improving conditions-In the midst of a mostly dour farm economy, ag bankers in the Ninth District are reporting improved financial conditions
July 2000 - Agricultural Credit Conditions Survey
Ag bankers see improving conditions
July 2000 - fedgazette
Additional Files [xls]
The district economy continues to sail along
July 2000 - fedgazette
Farmer and rancher financial conditions improve
April 2000 - Agricultural Credit Conditions Survey
Banks face new rules and intense competition
April 2000 - fedgazette
Farmer and rancher financial conditions improve
April 2000 - fedgazette
Additional Files [xls]
Bankers report farmers have some breathing room
January 2000 - Agricultural Credit Conditions Survey
Bankers report farmers have some breathing room
January 2000 - fedgazette
Additional Files [xls]
Look for a growing economy in the new millennium
January 2000 - fedgazette
Ninth District economy enters the new year in good shape
January 2000 - fedgazette
Farmers continue to struggle
October 1999 - Agricultural Credit Conditions Survey
Farm problems put squeeze on agricultural banks
October 1999 - fedgazette
Farmers continue to struggle
October 1999 - fedgazette
Additional Files [xls]
Community bank Web sites: The current picture
July 1999 - fedgazette
Additional Files [xls]
District economy will continue to grow, but some slowing creeps in
July 1999 - fedgazette
Farmers are still hurting
July 1999 - fedgazette
Additional Files [xls]
E-commerce: For some businesses, the only way to go
April 1999 - fedgazette
Reduced income plagues farmers
April 1999 - fedgazette
Additional Files [xls]
