Minnesota Manufacturers Expect Stability in 2020

Tuesday, February 04, 2020

Most expect business conditions to improve or stay the same this year

St. Paul – Respondents to an annual Manufacturing Business Conditions Survey conducted by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis say they expect mostly unchanged or improved conditions in 2020.

“It’s good news for Minnesota that the majority of manufacturers in our state expect stable or improved business conditions in 2020,” said Governor Tim Walz. “Manufacturing is a cornerstone of our state economy, accounting for 14% of Minnesota’s GDP and 40% of all Minnesota jobs, either directly or indirectly.”

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