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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

osts are expected to increase 2.3 percent in 2014.
  • Manufacturing employment is expected to increase 2.4 percent in 2014.
  • Expect growth in U.S. exports in 2014.
  • Expect growth in U.S. imports in 2014.
  • Manufacturing revenues (nominal) are up 3.4 percent in 2013.
  • Manufacturing revenues (nominal) are expected to increase 4.4 percent in 2014.
  • The U.S. dollar is expected to strengthen on average versus major trading partner currencies in 2014.
  • Overall attitude of manufacturing supply managers: optimistic outlook, with 87 percent of respondents predicting 2014 will be the same as or better than 2013.
  • Non-Manufacturing
    The non-manufacturing sector continues to expand, and the forecast indicates an increased rate of expansion in 2014.

  • Operating rate is currently at 86.3 percent.
  • Production capacity increased 2.3 percent in 2013.
  • Production and provision capacity is expected to increase 1.9 percent in 2014.
  • Capital expenditures increased 4.2 percent in 2013.
  • Capital expenditures are expected to increase 4.6 percent in 2014.
  • Prices paid increased 1.3 percent in 2013.
  • Prices paid are expected to increase 1.9 percent in 2014.
  • Labor and benefit costs are expected to increase 2.6 percent in 2014.
  • Non-manufacturing employment is expected to increase 2.1 percent in 2014.
  • Expect export levels to increase in 2014.
  • Expect import growth in 2014.
  • Non-manufacturing revenues (nominal) are up 4 percent in 2013.
  • Non-manufacturing revenues (nominal) are expected to rise 3.6 percent in 2014.
  • Overall attitude of non-manufacturing supply managers: mostly positive outlook, with 84 percent of respondents predicting 2014 will be the same as or better than 2013.
  • *Miscellaneous Manufacturing includes items such as medical equipment and supplies, jewelry, sporting goods, toys
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    SOURCE Institute for Supply Management
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