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

l Services; Other Services; Construction; Retail Trade; Wholesale Trade; Arts, Entertainment & Recreation; Management of Companies & Support Services; Finance & Insurance; Utilities; Real Estate, Rental & Leasing; Health Care & Social Assistance; Public Administration; and Information.Non-Manufacturing Production or Provision CapacityFor 2012For 2013For 2013Reported

Dec 2012

Magnitude of

Change

Predicted

Dec 2012

Magnitude of

Change

Predicted

April 2013

Magnitude of

ChangeHigher35%

+11.9%

33%

+11.2%

25%

+9.6%Same

58%

NA

62%

NA

74%

NALower

7%

-14.0%

5%

-7.8%

1%

-7%Net Average+3.2%+3.4%+2.3%PREDICTED CAPITAL EXPENDITURES — 2013 vs. 2012Manufacturing
Survey respondents expect a 9.1 percent increase in capital expenditures in 2013. This is greater than the December 2012 forecast when the panel predicted an increase of 7.6 percent for 2013. Currently, 32 percent of respondents predict increased capital expenditures in 2013, with an average increase of 41.1 percent, while the 16 percent who said their capital spending would decrease expect an average decrease of 24.6 percent. Fifty-two percent say they will spend the same in 2013 as they did in 2012. The 14 industries expecting increases in capital expenditures in 2013 compared to 2012 — listed in order — are: Nonmetallic Mineral Products; Furniture & Related Products; Wood Products; Paper Products; Machinery; Textile Mills; Fabricated Metal Products; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Primary Metals; Miscellaneous Manufacturing; Petroleum & Coal Products; Apparel, Leather & Allied Products; and Chemical Products.

Non-Manufacturing
Non-manufacturing purchasing and supply e
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SOURCE Institute for Supply Management
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