Economic Recovery Continues in 2010: Institute for Supply Management
PREDICTED CAPITAL EXPENDITURES — 2010 vs. 2009
Manufacturing
Purchasing and supply executives expect capital expenditures to decrease 4 percent in 2010. The 43 percent of respondents who predict increased capital expenditures in 2010 indicate an average increase of 32.5 percent, while the 24 percent who said their capital spending would be reduced predict an average decrease of 74.1 percent; 33 percent said they expect to spend the same in 2010 as in 2009. The 10 industries predicting increases in capital expenditures for 2010 — in order of percentage increase — are: Paper Products; Transportation Equipment; Wood Products; Plastics & Rubber Products; Textile Mills; Electrical Equipment, Appliances & Components; Machinery; Apparel, Leather & Allied Products; Miscellaneous Manufacturing(a); and Fabricated Metal Products.