Table 14 Nonresidential Construction: Stevens Point - Plover Area (First Quarter 2023)
Estimated Value of New Structures (x1000)
Alteration of Business Permits Issued
Estimated Value of Alterations (x1000)
Permits Issued
2023 Q1
2022 Q1
2023 Q1
% ∆ Yr. Ago
2023 Q1
2022 Q1
2023 Q1
% ∆ Yr. Ago
4
17
$7,706.27
-40.9
98
73
$5,471.98
-37.8
Description: • The above provides construction figures for new business and commercial structures as well as alterations. The above estimated values are in thousands of dollars. Analysis: • There have been significant declines in both the number and estimated value of new nonresidential construction since Q1 2022. • The estimated value of business alterations has also declined significantly over the last year.
Business Sentiment Table 15 Business Confidence Survey: Central Wisconsin Area Index Value Nov. 2022
Index Value April 2023
Recent Changes in National Economic Conditions Recent Changes in Local Economic Conditions Expected Changes in National Economic Conditions Expected Changes in Local Economic Conditions
23 37 37 42 42
34 41 31 43 50
Expected Changes in Industry Conditions
100 = Substantially Better
50=Same
0=Substantially Worse
Description: • Diffusion index numbers are based on a survey of businesses from the central Wisconsin region. • Numbers between 50 and 100 indicate a more favorable view of conditions while numbers between 0 and 50 indicate a more negative view of conditions. Analysis: • While business leaders continue to be pessimistic regarding recent and expected changes in local and national economic conditions, they seem to be less pessimistic than they were in November of 2022. • There has been a bit of improvement in outlook regarding expected changes in industry conditions.
Central Wisconsin Report - Spring 2023
21
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