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

ted 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.

Non-Manufacturing Summary
Fifty-six percent of non-manufacturing purchasing and supply executives expect their 2013 revenues to be greater by 7.9 percent than in 2012. Overall, respondents currently expect a 3.5 percent net increase in overall revenues, which is less than the 4.3 percent increase that was forecast in December 2012. "Non-manufacturing will continue to grow for the balance of 2013. Non-manufacturing companies continue to do more with less as evidenced by the high percentage of capacity utilization. Strategic cost management has been of paramount importance for supply managers. This is indicated by the minimal percentage increase in prices despite the volatility of various commodities. The slowing in the rate of increase for overall employment is a potential challenge. However, with 15 out of 18 industries forecasting increased revenues, the non-manufacturing sector will continue on the path of economic growth and recovery," Nieves said.

The 15 non-manufacturing industries expecting increases in revenue in 2013 — listed in order — are: Construction; Transportation & Warehousing; Retail Trade; 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.

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SOURCE Institute for Supply Management
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