Table 14 Nonresidential Construction: Stevens Point - Plover Area (Third Quarter 2023)
Estimated Value of New Structures (x1000)
Alteration of Business Permits Issued
Estimated Value of Alterations (x1000)
Permits Issued
2023 Q3
2022 Q3
2023 Q3
% ∆ Yr. Ago
2023 Q3
2022 Q3
2023 Q3
% ∆ Yr. Ago
7
18
$1,330.58
-90.7
105
115
$6,958.23
10.9
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: • The number of permits and value of nonresidential construction fell sharply compared with Q3 2023 with the estimated value of new structures declining by 91 percent. • The estimated value of alterations, however, increased modestly by 11%.
Business Sentiment Table 15 Business Confidence Survey: Central Wisconsin Area
Index Value April 2023
Index Value Nov. 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
34 41 31 43 50
44 48 34 41 58
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: • Survey results suggest that Central Wisconsin businesses feel that local and national economic conditions are about the same relative to six months ago. • In terms of expectations of local and national economic conditions six months into the future, Central Wisconsin businesses remain somewhat pessimistic. • In terms of expectations of the performance of their own industry, Central Wisconsin businesses are somewhat optimistic.
Central Wisconsin Report - Spring 2023
21
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