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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

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Non-Manufacturing
Non-manufacturers have lower expectations for the use of imports for the first half of 2014 than they did in December 2012 for the first half of 2013. Of the 49 percent of non-manufacturing organizations who reported they import, 26 percent (25 percent moderate and 1 percent substantial) predict an increase in their imports during the first half of 2014. Eight percent of the respondents (7 percent moderate and 1 percent substantial) predict a decrease in imports of materials and services. The remaining 66 percent of purchasers expect no change in imports over the next half year. The 10 industries expecting growth in imports — listed in order — are: Management of Companies & Support Services; Utilities; Wholesale Trade; Information; Transportation & Warehousing; Construction; Finance & Insurance; Other Services; Professional, Scientific & Technical Services; and Retail Trade.Predicted Change in Import 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

3%

9%

2%

1%Moderate Increase

29%

32%

33%

25%No Change

51%

45%

58%

66%Moderate Decrease

16%

12%

6%

7%Substantial Decrease

1%

2%

1%

1%Diffusion Index

58.1%

63.5%

63.3%

59.2%BUSINESS REVENUESBusiness
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SOURCE Institute for Supply Management
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