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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

Revenues Comparison — 2013 vs. 2012Manufacturing
Summarizing revenues for 2013, 59 percent of respondents say revenue was better than 2012, and that nominal (before adjusting for inflation) revenues increased an average of 9 percent over 2012. Conversely, 22 percent say their nominal revenues decreased in 2013 by an average of 8.7 percent, and the remaining 19 percent indicate no change. Overall, purchasing and supply executives indicate a net nominal increase of 3.4 percent in business revenues for 2013 over 2012. This is less than the 4.8 percent increase that was forecast in April 2013 for all of 2013, and also less than the 4.6 percent increase predicted in December 2012 for all of 2013. The 15 industries reporting increases (highest to lowest) in revenues in 2013 — listed in order — are: Textile Mills; Furniture & Related Products; Plastics & Rubber Products; Food, Beverage & Tobacco Products; Printing & Related Support Activities; Paper Products; Wood Products; Machinery; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Primary Metals; Transportation Equipment; Fabricated Metal Products; Chemical Products; and Computer & Electronic Products.Manufacturing Business Revenues — 2013 vs. 2012Predicted

Dec 2012

Nominal

% Change

Predicted

April 2013

Nominal

% Change

Reported

Dec 2013

Nominal

% ChangeHigher

62%

+9.7%

66%

+9.9%

59%

+9.0%Same

26%

NA

22%

NA

19%

NALower

12%

-11.3%

12%

-14.6%

22%

-8.7%Net Average+4.6%+4.8%+3.4%Non-Manufacturing
Non-manufacturing supply management executives report that business revenues for 2013 have increased over 2012 by 4 percent. This is more than the 3.5 percent increase predicted in April 2013 for all of 2013
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SOURCE Institute for Supply Management
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