The Repository @ St. Cloud State

Open Access Knowledge and Scholarship


St. Cloud Area Quarterly Business Report

Publication Title

St. Cloud Area Quarterly Business Report, Vol. 24, No. 4

Document Type


Publication Date

Winter 12-15-2022


We predict the St. Cloud metro area will be in recession within the next 4 to 6 months, based on results of the St. Cloud Area Quarterly Business Survey as well as data on professional employment and the stock prices of area publicly-traded corporations. The St. Cloud Index of Leading Economic Indicators fell 5% in the latest quarter and 9.8% in the last year. Employment growth in the region has slowed dramatically during the fall, lagging gains elsewhere in Minnesota. Survey results showed lower expectations of area business leaders for their own business activity and difficulty finding qualified workers.

In special questions businesses indicated tax burdens were the most common issue for the next legislative session in St. Paul. They also reported that the Federal Reserve’s higher interest rates were having negative effects; this was causing some firms to put off investment and expansion plans and others to pay down their higher-interest rate loans.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.