Manufacturing Business Conditions Survey

The Manufacturing Business Conditions Survey attempts to gauge the sentiments of Minnesota manufacturers concerning themselves and the state economy.

For more information about how the survey was conducted, see the survey methodology listed below the full report.

2025

Manufacturers See Modest Growth in 2026, But Confidence Has Softened.

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• Survey Methodology

2024

Manufacturers expect higher number of orders in 2025. However, close to 80% still anticipate the same tight labor conditions from 2024.

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• Survey Methodology

2023

Manufacturers reported a cautiously optimistic outlook in their business indicators for 2024 compared to how their businesses performed against those indicators in 2023.

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2022

Manufacturers expect mostly unchanged conditions in 2023. In 2022, 52% of respondents indicated an increase in orders, and 51% experienced unchanged productivity. Additionally, 45% reported an increase in investment in plant/equipment.

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• Survey Methodology

2021

Manufacturers anticipate recovery despite ongoing challenges in 2022. In 2021, 63% of respondents indicated an increase in the number of orders, and 53% experienced production level growth. Additionally, 38% reported increased productivity.

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• Survey Methodology

2020

Manufacturers expect lingering pandemic conditions in 2021, with over half indicating they expect to go back to normal operations in more than six months.

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• Survey Methodology