Economic Recovery Continues in 2010: Institute for Supply Management
"Non-manufacturing supply managers report operating at 81.3 percent of their normal capacity, above the 80.1 percent reported in April 2009. They are cautiously optimistic about continued growth in the first half of 2010 compared to the second half of 2009, and they have a lower level of optimism about the next 12 months than they had last December for 2009," said Nieves. "They forecast that their capacity to produce products and provide services will rise by 0.9 percent during 2010, and capital expenditures will decrease by 6.7 percent from the 2009 level. Non-manufacturers also predict that their employment will decrease by 0.6 percent during 2010. Their major economic concerns are: weak economy; healthcare and benefits costs; credit crisis; labor costs; and high energy costs.”