Louisiana plant managers weigh in on what to expect in upcoming months regarding employment, production

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Photo courtesy of the GBRIA Facebook page.

BATON ROUGE, La. (BRPROUD) — The Greater Baton Rouge Industry Alliance, a nonprofit trade organization composed of at least 70 industrial manufacturers, surveyed plant managers from 23 sites to learn their predictions for plant employment and production levels in the next six months.

GBRIA asked plant managers the following four questions:

How do you expect your plant’s production to change in the next six months?

  • 32% of managers projected that production will increase
  • 64% predicted no change
  • 5% predicted a decrease in production

How do you expect your company’s capital expenditures to change at your plant in the
next 6 months?

  • 36% of managers projected that their company’s capital expenditures will increase
  • 55% predicted no change
  • 9% predicted capital expenditures will decrease

How do you expect your plant’s company employment to change in the next six months?

  • 41% of managers projected that their plant’s company employment will increase
  • 55% predicted no change
  • 5% predicted a drop in their plant’s company employment

How do you expect your company’s contract employment to change in the next six months?

  • 32% of plant managers projected that their company’s contract employment will increase
  • 59% predicted no change
  • 19% predicted a decrease in their company’s contract employment

GBRIA’s quarterly economic outlook index is now 78, showing an upward trend following an initial drop after pandemic-related shutdowns, according to a GBRIA press release.

“As the economy began to stabilize, industry first showed increases in production, capital expenditures and company employment,” the release reads. “Now, the forecasted increase in contract employment points to the overall index returning to pre-Covid shutdown levels.”

GBRIA calculates this index as a diffusion index that ranges from negative 50 to positive 150. Values higher than 50 predict an expanding economy, and values lower than 50 predict a contracting economy, according to GBRIA.

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