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Economic Growth To Continue Throughout 2013
Date:4/30/2013

12. Conversely, 12 percent say their nominal revenues will decrease an average of 14.6 percent, and the remaining 22 percent indicate no change. The 17 industries reporting expectations of growth in revenue during the year — listed in order — are: Wood Products; Furniture & Related Products; Nonmetallic Mineral Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Paper Products; Plastics & Rubber Products; Textile Mills; Computer & Electronic Products; Machinery; Primary Metals; Chemical Products; Apparel, Leather & Allied Products; and Fabricated Metal Products.Manufacturing Business Revenues 2012 vs. 20112013 vs. 2012Reported

Dec 2012

Nominal

% Change

Predicted

Dec 2012

Nominal

% Change

Predicted

April 2013

Nominal

% ChangeHigher

54%

+11.4%

62%

+9.7%

66%

+9.9%Same

26%

NA

26%

NA

22%

NALower

20%

-10.8%

12%

-11.3%

12%

-14.6%Net Average+4.0%+4.6%+4.8%Non-Manufacturing
Non-manufacturing respondents forecast that business revenues for 2013 will increase 3.5 percent compared to 2012. This is lower than the 4.3 percent increase predicted in December 2012 for 2013. The 56 percent of respondents forecasting better business in 2013 than in 2012 estimate an average nominal revenue increase of 7.9 percent. This is in contrast to an average nominal decrease of 7.5 percent forecast by the 12 percent who predict less business in 2013. The remaining 32 percent see no change in revenues for 2013. The 15 industries expecting an increase in revenues in 2013 — listed in order — are: Construction; Transportation & Warehousing; Retail Tra
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SOURCE Institute for Supply Management
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