2018 Manufacturing Business Conditions Survey Results

Total (454 Responses)

Business indicators in 2018, compared with 2017:
  Up Same Down Diffusion
Index*
Number of orders 55% 25% 19% 68
Product/service production level 54% 31% 15% 69
Employment level 40% 45% 15% 63
Investment in plant/equipment 44% 43% 13% 66
Prices 57% 36% 7% 75
Profits 35% 33% 32% 51
Productivity 40% 47% 12% 64
Exports 27% 56% 17% 55
  Decrease 0% 1%-2% 3%-5% 6%-10% >10%
Wages per worker 1% 8% 24% 57% 7% 3%
Benefits per worker 1% 28% 22% 33% 8% 8%
Expected business indicators in 2019, compared with 2018:
  Up Same Down Diffusion
Index*
Number of orders 49% 41% 10% 69
Product/service production level 45% 48% 7% 69
Employment level 35% 59% 7% 64
Investment in plant/equipment 35% 52% 13% 61
Prices 54% 42% 5% 74
Profits 41% 42% 17% 62
Productivity 48% 46% 7% 71
Exports 27% 61% 12% 58
  Decrease 0% 1%-2% 3%-5% 6%-10% >10%
Wages per worker 1% 9% 29% 56% 3% 2%
Benefits per worker 1% 28% 26% 35% 7% 4%
What is your outlook on the following state economic indicators during 2019:
  Up Same Down Diffusion
Index*
Business investment 34% 55% 11% 62
Employment 35% 56% 8% 64
Consumer spending 31% 52% 17% 57
Inflation 65% 33% 1% 82
Economic growth 35% 50% 15% 60
Corporate profits 27% 54% 19% 54
Notes
* A number above 50 indicates expansion; a number below 50 indicates contraction. The index is computed by taking the percentage of respondents that reported "up" and half the percentage of the respondents that reported "same."
Percentages may not add to 100 due to rounding