Table 14 Nonresidential Construction: Stevens Point - Plover Area (Third Quarter 2022)
Estimated Value of New Structures (x1000)
Alteration of Business Permits Issued
Estimated Value of Alterations (000)
Permits Issued
2022 Q3
2021 Q3
2022 Q3
% ∆ Yr. Ago
2022 Q3
2021 Q3
2022 Q3
% ∆ Yr. Ago
18
13
$14,263.62
61.4
115
123
$6,275.12
0.2
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: • Though the number of permits declined, the estimated value of new structures increased by 61.4% in Q3 2022 when compared to Q3 2021 • Both the number of business alterations and their estimated value were relatively unchanged over this time period.
Business Sentiment Table 15 Business Confidence Survey: Central Wisconsin Area
Index Value April 2022
Index Value Nov. 2022
Recent Changes in National Economic Conditions Recent Changes in Local Economic Conditions Expected Changes in National Economic Conditions Expected Changes in National Economic Conditions
39 43 41 43 53
23 37 37 42 42
Expected Changes in Industry Conditions
100 = Substantially Better
50=Same
0=Substantially Worse
Description: • 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: • The business confidence survey suggests that business leaders were more pessimistic about recent changes in both national and local economic conditions in November than in April. • Similarly, there is greater pessimism now about expected future national and local economic conditions and for industry conditions as well.
Central Wisconsin Report - Fall 2022
19
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