Winter 2004 Manufacturing Business Conditions Survey Results

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.

Survey Methodology

Return to: Manufacturing some optimism in the district

Winter 2004 Manufacturing Business Conditions Survey Results

More On

More On

Related Content

Agricultural credit conditions: Fourth-quarter 2023

Regional Economic Conditions: Construction Sector Outlook

The Bakken Oil Patch

Related Content

Agricultural credit conditions: Fourth-quarter 2023

Sign up for news and events