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Regional Economic Surveys

The Minneapolis Fed’s Regional Outreach team conducts a number of surveys across the Ninth District to gauge current business activity and economic conditions. If you are a business owner or executive and would like to participate in our surveys, please sign up.
See all upcoming and past Regional Economic Conditions events

Business Pulse Survey Results

The Minneapolis Fed’s Business Pulse Survey is a monthly gauge of economic conditions in the Ninth Federal Reserve District. The short, quick survey asks how key performance indicators—including sales, hiring, investment, wages, and prices—changed over the past month and what expectations are for the month ahead. Results come from a panel of business owners and/or managers in a variety of industry sectors from across the Ninth District who have volunteered to share information with the Minneapolis Fed via electronic survey. Results are summarized here as the net share of those reporting whether an indicator increased in the last month. The final data point, labeled (F), displays their forecast for that indicator over the coming month.

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General Business Survey Results

The General Business Survey is a survey of business owners and key financial decision-makers of firms across all sectors in the Federal Reserve’s Ninth District. This survey is administered in January and July and provides a snapshot of current economic conditions, including revenue and profit trends, hiring plans, and outlook. Results come from a convenience sample of businesses from Minnesota, Montana, North Dakota, South Dakota, northwestern Wisconsin, and Michigan’s Upper Peninsula. 

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Small businesses along small town Main Street
Hiring slows as businesses continue to face high costs

Manufacturing Survey Results

The Manufacturing Survey is a survey of key decision-makers of manufacturing firms in the Ninth District. This annual survey is conducted at year end in partnership with the Minnesota Department of Employment and Economic Development and covers a range of performance indicators over the past year and expectations for the year ahead. It is administered via mail to a random sample from a large set of manufacturing locations in Minnesota, Montana, North Dakota, South Dakota, northwestern Wisconsin, and Michigan’s Upper Peninsula.

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Manufacturing workers
District manufacturers expect a steady 2023 after a year of moderate growth

Construction Survey Results

The Construction Survey is a survey of owners and key financial decision-makers of construction businesses in the Federal Reserve's Ninth District. This survey is administered in late April/early May and November to provide a snapshot of current business conditions—including revenue and profit trends, hiring plans, and outlook—in the sector. Results come from a convenience sample of construction businesses from Minnesota, Montana, North Dakota, South Dakota, northwestern Wisconsin, and Michigan's Upper Peninsula. 

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Construction worker climbing into the cab of construction equipment at a job site
Balancing costs, labor, and ambiguity in the Ninth District’s construction sector

Ag Credit Survey

The Minneapolis Fed’s Ag Credit Survey is a quarterly poll of agricultural lenders in the Ninth District. The survey covers credit conditions, such as loan demand and interest rates, as well as agricultural indicators, such as farm incomes and land values. It is administered at the end of the quarter and sent to senior loan officers of banks with a heavy concentration in agricultural lending.

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Tractor planting a field
Farm sentiment leaned pessimistic in the region as spring planting got underway

Minnesota Tourism & Hospitality Survey Results

The Minnesota Tourism & Hospitality Survey is a survey of business owners and key financial decision-makers of tourism and hospitality firms across Minnesota. This survey is administered in January, May, and September each year, and provides a snapshot of current economic conditions, including revenue and profit trends, hiring plans, and outlook. Results come from a convenience sample of business contacts provided by Hospitality Minnesota, an industry trade association and survey partner.

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Two people hiking near the Lake Superior Lighthouse
Fewer customers, less revenue for Minnesota hospitality and tourism sector

Professional Services Survey

The Professional Services Survey is a survey of key decision-makers of firms in the services sector in the Ninth District, including professional, scientific, and technical services as well as administrative and business support. This annual survey is conducted midyear in partnership with the Minnesota Department of Employment and Economic Development and covers a range of performance indicators over the past 12 months and expectations for the coming 12 months. It is administered via mail to a random sample from a large set of businesses in Minnesota, Montana, North Dakota, South Dakota, northwestern Wisconsin, and Michigan's Upper Peninsula.

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Professional services workers working at a desk
Services firms are optimistic for the near future after a year of modest growth

Minnesota Child Care Providers Survey Results

The Minnesota Child Care Providers Survey is an annual survey of child care providers in the state. It is designed to understand the financial health, capacity for care, and challenges facing the sector. Results come from a convenience sample of business contacts provided by First Children’s Finance, a nonprofit group that aids child care businesses. The first survey was conducted in 2021, and the survey is typically administered in March.

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Child care provider working with a group of children at a table
Minnesota child care industry remains in “crisis”

All Regional Surveys

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