2004 Summer Manufacturing Business Conditions Survey Results
Diffusion Index*
Compared to the second half of 2003, in the first half of 2004 your location's: |
|||||||
District | U.P. | MN | MT | ND | SD | WI | |
---|---|---|---|---|---|---|---|
Number of orders | 69 |
69 |
64 |
75 |
70 |
74 |
69 |
Product/service production level | 69 |
71 |
64 |
75 |
74 |
73 |
70 |
Employment level | 59 |
59 |
54 |
60 |
62 |
64 |
60 |
Investment in plant/equipment | 58 |
72 |
54 |
58 |
59 |
58 |
60 |
Prices | 70 |
78 |
66 |
70 |
80 |
72 |
69 |
Productivity | 67 |
80 |
62 |
71 |
72 |
69 |
56 |
Profits | 52 |
54 |
43 |
62 |
59 |
60 |
56 |
Exports** | 62 |
67 |
60 |
63 |
71 |
58 |
66 |
Compared to the first half of 2004, during the next six months you expect your location's: |
|||||||
District | U.P. | MN | MT | ND | SD | WI | |
Number of orders | 66 |
72 |
65 |
71 |
72 |
60 |
68 |
Product/service production level | 65 |
72 |
64 |
66 |
67 |
62 |
66 |
Employment level | 57 |
63 |
56 |
55 |
61 |
53 |
58 |
Investment in plant/equipment | 56 |
59 |
52 |
58 |
60 |
56 |
60 |
Prices | 64 |
72 |
63 |
62 |
70 |
62 |
66 |
Productivity | 64 |
76 |
61 |
65 |
63 |
64 |
69 |
Profits | 56 |
57 |
54 |
60 |
56 |
49 |
60 |
Exports** | 60 |
100 |
62 |
57 |
59 |
54 |
60 |
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 | 61 |
67 |
58 |
62 |
68 |
59 |
68 |
Employment | 63 |
69 |
63 |
60 |
67 |
60 |
65 |
Consumer spending | 57 |
65 |
55 |
60 |
60 |
55 |
61 |
Inflation | 79 |
83 |
79 |
78 |
81 |
81 |
75 |
Economic growth | 66 |
70 |
64 |
69 |
64 |
67 |
69 |
Corporate profits | 58 |
56 |
57 |
60 |
57 |
53 |
61 |
*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. |