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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%;

. The 57 percent of respondents reporting better business in 2013 than in 2012 estimate an average nominal (before adjusting for inflation) revenue increase of 9.3 percent. This is in contrast to an average nominal decrease of 7.7 percent reported by the 18 percent of respondents who indicate worse business in 2013. The remaining 25 percent have experienced no change in 2013 from 2012. The 14 industries reporting increases in revenues in 2013 — listed in order — are: Professional, Scientific & Technical Services; Arts, Entertainment & Recreation; Real Estate, Rental & Leasing; Retail Trade; Other Services; Wholesale Trade; Construction; Management of Companies & Support Services; Transportation & Warehousing; Finance & Insurance; Public Administration; Educational Services; Health Care & Social Assistance; and Utilities.Non-Manufacturing Business Revenues — 2013 vs. 2012Predicted

Dec 2012


% Change


April 2013


% Change


Dec 2013


% ChangeHigher


















-7.7%Net Average+4.3%+3.5%+4.0%Business Revenues Prediction for 2014Manufacturing
Manufacturing survey respondents forecast that business revenues for 2014 will be stronger than in 2013. The 69 percent of respondents forecasting better business revenues in 2014 than in 2013 estimate an average nominal (before adjusting for inflation) increase of 8.3 percent in their organizations' revenues. This is in contrast to an average nominal decrease of 15.7 percent forecast by the 8 percent who predict worse business revenues in 2014. Including the 23 percent who see no change in 2014, the forecast for overall net no

SOURCE Institute for Supply Management
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