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

de; Professional, Scientific & Technical Services; Other Services; Accommodation & Food Services; Management of Companies & Support Services; Mining; Wholesale Trade; Finance & Insurance; Arts, Entertainment & Recreation; Real Estate, Rental & Leasing; Public Administration; Information; and Utilities. Non-Manufacturing Business Revenues 2012 vs. 20112013 vs. 2012Reported

Dec 2012

Nominal

% Change

Predicted

Dec 2012

Nominal

% Change

Predicted

April 2013

Nominal

% ChangeHigher

55%

+9.6%

59%

+8.4%

56%

+7.9%Same

27%

NA

31%

NA

32%

NALower

18%

-9.8%

10%

-7.1%

12%

-7.5%Net Average+3.4%+4.3%+3.5%SUMMARYManufacturing

  • Operating rate is currently 80.2 percent of normal capacity.
  • Production capacity is expected to increase 6.7 percent in 2013.
  • Capital expenditures are expected to increase 9.1 percent in 2013.
  • Prices paid increased 1.4 percent through the end of April 2013.
  • Prices are expected to increase a total of 2.3 percent for all of 2013, indicating an expected increase in prices of 0.9 percent for the remainder of the year.
  • Manufacturing employment is expected to increase 0.9 percent during the remainder of 2013.
  • Manufacturing revenues are expected to increase 4.8 percent in 2013.
  • Overall, manufacturing is expected to continue growing in 2013.
  • Non-Manufacturing

  • Operating rate is currently 84.7 percent of normal capacity.
  • Production capacity is expected to increase 2.3 percent in 2013.
  • Capital expenditures are expected to increase 3.6 percent in 2013.
  • Prices paid increased 1.9 percent through the end of April 2013.
  • Prices are expected to increase an additional 0.5
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  • SOURCE Institute for Supply Management
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