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ISM: Economic growth to continue throughout 2014

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ISM: Economic growth to continue throughout 2014

Optimism from US purchasing and supply executives.

According to a recent ISM report that surveyed US purchasing and supply executives, economic growth is expected to continue in the United States throughout the remainder of 2014.

Expectations for the remainder of 2014 continue to be positive in both the manufacturing and non-manufacturing sectors.

Manufacturing

Sixty-eight percent of respondents from the panel of manufacturing supply management executives predict their revenues will be 9.1% greater in 2014 compared to 2013, nine percent expect a 9.6% decline, and 23% foresee no change. This yields an overall average expectation of 5.3% revenue growth among manufacturers in 2014, which is a notable increase of 0.9 percentage point from December 2013 when the panel predicted a 4.4% increase in 2014 revenues.

With operating capacity at 82.3%, an expected capital expenditure increase of 10.3%, prices paid expected to increase a modest 0.2 percentage point from now through the end of 2014, and employment expected to grow 1.5% for the balance of 2014, manufacturers are positioned to grow revenues while containing costs through the remainder of the year.

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