Economic Recovery Continues in 2010: Institute for Supply Management
CAPITAL EXPENDITURES — 2009 vs. 2008
Manufacturing
Purchasing and supply managers report 2009 capital expenditures declined 7.8 percent when compared to 2008 levels. The actual expenditures for 2009 exceed survey respondents’ previous expectations, as they predicted a decrease of 22.7 percent for 2009 in April 2009. The 14 percent of purchasers who reported increased capital expenditures in 2009 indicated an average increase of 102.8 percent, while the 55 percent who said their capital spending was reduced reported an average decrease of 40.9 percent. Thirty-one percent said they spent the same in 2009 as in 2008. The four industries showing increases in capital expenditures for 2009 are: Printing & Related Support Activities; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing(a); and Machinery.