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Economic Growth To Continue Throughout 2013

xecutives are expecting to increase their level of capital expenditures 3.6 percent in 2013 compared to 2012. The 28 percent of members expecting to spend more predict an average increase of 27.6 percent. An additional 18 percent of respondents anticipate a decrease averaging 23.4 percent. Fifty-four percent of the respondents expect to spend the same on capital expenditures in 2013 as in 2012. The 11 industries expecting an increase in capital expenditures in 2013 from 2012 — listed in order — are: Accommodation & Food Services; Retail Trade; Real Estate, Rental & Leasing; Construction; Wholesale Trade; Other Services; Educational Services; Transportation & Warehousing; Public Administration; Information; and Utilities.Predicted Capital Expenditures 2013 vs. 2012ManufacturingNon-ManufacturingPredicted

Dec 2012


April 2013


of Change


Dec 2012


April 2013


of ChangeHigher


















-23.4%Net Average


+7.0%+3.6%PRICES — Changes Between End of 2012 and April 2013Manufacturing
In the December 2012 forecast, respondents predicted an increase of 2.1 percent in prices paid during the first four months of 2013; however, they now report prices have increased only 1.4 percent for the period. The 43 percent who say their prices are higher now than at the end of 2012 report an average increase of 4.8 percent, while the 19 percent who report lower prices report an average decrease of 3.4 percent. The remaining 38 percent indicate no change for the period. Of the 18 manufacturing industries, 14 reported increases in prices paid for the first part of 20

SOURCE Institute for Supply Management
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