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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

xpectations, as they predicted an increase of 9.1 percent for 2013 in April 2013. The 40 percent of purchasers who reported increased capital expenditures in 2013 indicated an average increase of 40.3 percent, while the 16 percent who said their capital spending was reduced reported an average decrease of 24.5 percent. Forty-four percent of respondents said they spent the same in 2013 as in 2012. The 15 industries showing increases in capital expenditures for 2013 — in order of percentage increase — are: Furniture & Related Products; Textile Mills; Machinery; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Fabricated Metal Products; Paper Products; Plastics & Rubber Products; Wood Products; Electrical Equipment, Appliances & Components; Chemical Products; Computer & Electronic Products; Miscellaneous Manufacturing; Primary Metals; and Transportation Equipment.

Non-ManufacturingNon-manufacturing supply management executives report their level of capital expenditures in 2013 compared to 2012 increased 4.2 percent. This is significantly less than the 9.4 percent increase reported for 2012 one year ago, but slightly greater than the 3.6 percent increase predicted by respondents in April 2013. Thirty-eight percent of respondents report increases averaging 19.8 percent. An additional 17 percent report decreases averaging 19.5 percent. Forty-five percent indicate they spent the same on capital expenditures in 2013 as in 2012. The 14 industries experiencing increases in capital expenditures in 2013 — listed in order — are: Professional, Scientific & Technical Services; Wholesale Trade; Transportation & Warehousing; Information; Educational Services; Real Estate, Rental & Leasing; Retail Trade; Other Services; Public Administration; Management of Companies & Support Services; Finance & Insurance; Utilities; Health Care & Social Assistance; and Accommodation & Food Se
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SOURCE Institute for Supply Management
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