EDSR INFORMATION #5 08-13-2012 - Laserfiche WebLink

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C '� inn attolorn at Em --,1 ''.54'.-A r ,.. Y'- p 'SI P _ f,$` MErnhhhliC DB,aq �'`T ;,Manufacturing Busin - g , io Survey ?R _ Contact Neal Youn 6 259 -5 6 oranar + .' -t Year End 20 ,r; Manufacturing Industry Is Optimistic for 2012 Most of Minnesota's manufacturers expect Profit levels were mixed for manufacturers— conditions in 2012 to improve or be the same as although 30 percent experienced increased in 2011. With less than 10 percent of profits,40 percent indicated declines. Increased manufacturers expecting production and productivity and increased exports for around half employment to decrease in 2012,manufacturers of manufacturers point to an upbeat outlook for appear to be optimistic about the coming year. profit levels. A random sample survey of Minnesota Slightly more than one-third of manufacturers manufacturers conducted in November by the increased investment in their plant and Minnesota Department of Employment and equipment,while one-quarter reported decreased Economic Development(DEED) and the Federal investment in 2011, similar results to those in Reserve Bank of Minneapolis reports that around 2010. Manufacturers who increased their half of Minnesota's manufacturers expect growth investments were likely among the 62 percent in orders and production level in 2012, and facing recent improved access to credit. Access to slightly less than one-third plan to increase bank credit deteriorated recently for about 10 employment. percent of Minnesota manufacturers, less than half the percentage (23 percent) of a year ago. The Manufacturing Industry in 2011 Many Minnesota manufacturers experienced a Outlook on the Manufacturing Industry better 2011 than 2010. At least half saw growth Minnesota manufacturers expect growth over the in orders and production levels and slightly more next year to be similar to 2011 levels, or better. than one-third hired new employees. However, Around half foresee growth in orders and employment data in manufacturing for the first production levels;the diffusion indices for these half of 2011 indicates a conservative 2.9 percent indicators are 70 to 71, exceeding the 50 increase. One respondent noted, "We had to make threshold that indicates expansion. While 30 a lot of cuts, costs have gone up, and we have had percent anticipate increasing employment,more a very hard time." (62 percent) intend to maintain current levels. Outlook on Economic Performance for Outlook on Economic Performance for Minnesota's Manufacturing Industry— Minnesota's Manufacturing Industry— 2011,Compared to 2010 2012,Compared to 2011 70% 70% ■Up Same DDown ■Up aSame ❑Down 60% 60% 50% 50% 40% 40% s� 30% . I- 30% � 1 �� t1 L I .-1 1 20% _t s 20% 4 $. _ . . , x N 1030 ' 4 - n w - 10% y � � i i Orders Produc-Employ- Invest- Prices Profits Produc-Exports Orders Produc-Employ- Invest- Prices Profits Produc-Exports tion merit merit tivity tion ment merit tivity