2016 Manufacturing Business Conditions Survey Results

Total (484 Responses)

Business indicators in 2016, compared with 2015:
  Up Same Down Diffusion
Index*
Number of orders 33% 30% 36% 49
Product/service production level 32% 36% 32% 50
Employment level 25% 48% 27% 49
Investment in plant/equipment 34% 37% 29% 52
Prices 27% 53% 20% 53
Profits 26% 30% 44% 41
Productivity 31% 49% 19% 56
Exports 20% 58% 22% 49
  Decrease 0% 1%-2% 3%-5% 6%-10% >10% Average
Wages per worker 2% 22% 31% 39% 3% 3% 2.6%
Benefits per worker 4% 35% 17% 25% 12% 7% 2.9%
Expected business indicators in 2017, compared with 2016:
  Up Same Down Diffusion
Index*
Number of orders 52% 35% 13% 70
Product/service production level 48% 42% 10% 69
Employment level 33% 57% 10% 62
Investment in plant/equipment 38% 46% 16% 61
Prices 33% 58% 9% 62
Profits 39% 42% 19% 60
Productivity 46% 47% 7% 70
Exports 24% 66% 11% 56
  Decrease 0% 1%-2% 3%-5% 6%-10% >10% Average
Wages per worker 1% 18% 40% 39% 1% 2% 2.4%
Benefits per worker 4% 33% 24% 26% 7% 6% 2.6%
What is your outlook on the following state economic indicators during 2017:
  Up Same Down Diffusion
Index*
Business investment 37% 50% 14% 62
Employment 34% 56% 10% 62
Consumer spending 32% 52% 17% 57
Inflation 56% 42% 2% 77
Economic growth 40% 49% 11% 65
Corporate profits 34% 48% 18% 58
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."
Response rate is 18.2%
Sampling error is +/- 4.4%
Percentages may not add to 100 due to rounding

Business Poll Results [xlsx]