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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

rst half of 2014, survey respondents are optimistic about the next half year as reflected in a diffusion index of 63 percent. Comparing their outlook for the first half of 2014 to the last half of 2013, 41 percent predict it will be better, 15 percent predict it will be worse, and 44 percent expect no change. The 14 industries expecting improvement in the first half of 2014 — listed in order — are: Plastics & Rubber Products; Apparel, Leather & Allied Products; Electrical Equipment, Appliances & Components; Furniture & Related Products; Paper Products; Printing & Related Support Activities; Textile Mills; Chemical Products; Food, Beverage & Tobacco Products; Primary Metals; Nonmetallic Mineral Products; Transportation Equipment; Miscellaneous Manufacturing; and Fabricated Metal Products.

Non-Manufacturing
The first half of 2014 is predicted to be stronger than the last half of 2013, according to non-manufacturing purchasing and supply managers. The diffusion index indicating current expectations is 64 percent. Forty-three percent of respondents expect the first half of next year to be better than the last half of this year, 15 percent anticipate it will be worse, and 42 percent predict no change. The 13 industries expecting improvement in the first half of 2014 — listed in order — are: Real Estate, Rental & Leasing; Transportation & Warehousing; Management of Companies & Support Services; Wholesale Trade; Educational Services; Public Administration; Other Services; Information; Accommodation & Food Services; Finance & Insurance; Construction; Retail Trade; and Health Care & Social Assistance. Business — First Half 2014 vs. Last Half 2013ManufacturingNon-ManufacturingPredicted

Dec 2013

Predicted

Dec 2013Better

41%

43%Same

44%

42%Worse

15%

15%Diffusion Index

63%

64%Note: A diffusion inde
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SOURCE Institute for Supply Management
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