Minnesota Manufacturers Expect Lingering Pandemic Conditions for 2021

Wednesday, February 17, 2021

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 2021.

In looking back on 2020, Minnesota manufacturers described contracting conditions. Sixty percent of respondents indicated a decline in number of orders and 57% experienced a drop in profits.

While they expect lingering pandemic conditions in 2021, more than half of respondents indicated they expect to go back to normal operations in more than six months. At the same time, almost 13% expect their businesses will not go back to normal.

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