Winter 2004 Manufacturing Business Conditions Survey Results
Diffusion Index*
| Total | Small | Medium | Large | |
|---|---|---|---|---|
| Compared to the first half of 2003, in the second half of 2003 your location's: | ||||
| Number of orders | 63 |
60 |
65 |
78 |
| Product/service production level | 63 |
60 |
66 |
81 |
| Employment leve | 51 |
50 |
53 |
57 |
| Investment in plant/equipment | 55 |
52 |
58 |
64 |
| Prices | 53 |
53 |
55 |
38 |
| Productivity | 64 |
60 |
68 |
84 |
| Profits | 45 |
41 |
50 |
60 |
| Exports** | 60 |
63 |
56 |
68 |
| Compared to the second half of 2003, during the next six months you expect your location's: |
||||
| Number of orders | 69 |
68 |
69 |
78 |
| Product/service production level | 69 |
68 |
70 |
79 |
| Employment level | 57 |
56 |
59 |
62 |
| Investment in plant/equipment | 58 |
55 |
62 |
60 |
| Prices | 61 |
59 |
66 |
52 |
| Productivity | 69 |
65 |
73 |
84 |
| Profits | 60 |
57 |
62 |
72 |
| Exports** | 66 |
68 |
78 |
57 |
| What is your outlook on the following state economic indicators during the next six months: | ||||
| Business investment | 64 |
61 |
69 |
69 |
| Employment | 64 |
62 |
70 |
62 |
| Consumer spending | 66 |
64 |
66 |
72 |
| Inflation | 66 |
68 |
64 |
60 |
| Economic growth | 73 |
69 |
79 |
74 |
| Corporate profits | 64 |
64 |
64 |
76 |
* 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.
Notes: Relates to number of employees, Small is less than 50 employees, medium is 50 to 250 employees and large is greater than 250 employees.
See also: Total Ninth Federal Reserve District Results—State Comparison
Return to: Manufacturing some optimism in the district
