Manufacturers Report Improved Outlook for Business in 2024
February 2, 2024
Respondents to the annual Minnesota Manufacturing Business Conditions Survey, conducted by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis, reported a cautiously optimistic outlook in their business indicators for 2024 compared to how their businesses performed against those indicators in 2023.
Conducted between November and December, the random sample survey of Minnesota manufacturers asked respondents to rate the outlook for their business in 2024 compared to performance in 2023 in terms of number of orders, product/service production level, employment level, labor availability, investment in plant/equipment, selling prices, profits, productivity and exports.