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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

x above 50 percent would generally indicate an expectation of the first half of the coming year being better than the second half of the current year.

The Second Half of 2014 with the First Half of 2014Manufacturing
Purchasing and supply executives are even more optimistic about the second half of 2014 compared to the first half of 2014. The percentage of survey respondents who forecast the second half of 2014 to be better than the first half is 43 percent, while 8 percent expect it to be worse, and 49 percent expect no change. The diffusion index for the second half of 2014 is 67.5 percent, compared to 63 percent for the first half of 2014. The 17 industries predicting improvement in the second half of 2014 — listed in order — are: Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Nonmetallic Mineral Products; Fabricated Metal Products; Printing & Related Support Activities; Textile Mills; Wood Products; Computer & Electronic Products; Chemical Products; Furniture & Related Products; Plastics & Rubber Products; Paper Products; Transportation Equipment; Electrical Equipment, Appliances & Components; Primary Metals; Machinery; and Miscellaneous Manufacturing.

Non-Manufacturing
Comparing the second half of 2014 to the first half, non-manufacturing purchasing and supply executives feel more optimistic than they do for the first half of the year compared to the last half of 2013 (diffusion index of 68 percent for the second half compared to 64 percent for the first half). The percentage of respondents who currently forecast the second half of 2014 to be better than the first half is 45 percent, while 9 percent expect it to be worse. An additional 46 percent of purchasers expect no change. The 14 industries expecting improvement in the second half of the year — listed in order — are: Information; Transportation & Warehousing; Arts, Entertainment & Recreation; Real Estate,
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SOURCE Institute for Supply Management
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