Economic Recovery Continues in 2010: Institute for Supply Management
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Non-Manufacturing
Non-manufacturing supply management executives report their level of capital expenditures in 2009 compared to 2008 declined 4.2 percent. This compares to the 1.4 percent increase reported for 2008 one year ago, and is significantly less than the 13.5 percent decrease pedicted by respondents in April 2009. Fifteen percent of respondents report increases averaging 60 percent. An additional 52 percent report decreases averaging 24.9 percent. Thirty-three percent indicate they spent the same on capital expenditures in 2009 as in 2008. The three industries experiencing increases in capital expenditures in 2009 are: Retail Trade; Mining; and Professional, Scientific & Technical Services.
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