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Economic Growth Continues In 2014; Manufacturing Growth Expected in 2014; Revenue to Increase 4.4%; Capital Expenditures to Increase 8.0%; Capacity Utilization Currently at 80.3%; Non-Manufacturing Growth Projected in 2014; Revenue to Increase 3.6%;
Date:12/10/2013

t report they export, the following seven industries expect growth in export business in the first half of 2014: Mining; Wholesale Trade; Finance & Insurance; Transportation & Warehousing; Professional, Scientific & Technical Services; Accommodation & Food Services; and Other Services.Predicted Change in Export Business — Next Half YearManufacturingNon-ManufacturingFor 2013For 2014For 2013For 2014First Half

of 2013

 

Predicted

Dec 2012

First Half

of 2014

 

Predicted

Dec 2013

First Half

of 2013

 

Predicted

Dec 2012

First Half

of 2014

 

Predicted

Dec 2013Substantial Increase

5%

1%

3%

13%Moderate Increase

44%

49%

26%

23%No Change

35%

43%

61%

54%Moderate Decrease

14%

7%

10%

10%Substantial Decrease

2%

0%

0%

0%Diffusion Index

66.2%

71.7%

59.7%

62.8%IMPORT BUSINESS — Predicted Change for Next Half Year (First Half of 2014)Manufacturing
Purchasers expect increases in imports in the first half of 2014. Of the 87 percent of purchasers who reported they import, 41 percent predict an increase in their imports over the next half year (32.3 percent moderate and 9 percent substantial), while 14 percent predict a decrease in imports of materials (12.3 percent moderate and 1.9 percent substantial). Forty-five percent of survey respondents expect no change in imports in the first half of 2014. The 13 industries expecting growth in imports — listed in order — are: Apparel, Leather & Allied Products; Wood Products; Primary Metals; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Chemical Products; Fabricated Metal Products; Furniture &
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SOURCE Institute for Supply Management
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