Economic Recovery Continues in 2010: Institute for Supply Management
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Non-Manufacturing
Non-manufacturing purchasing and supply executives are expecting a decrease of 6.7 percent in capital expenditures from what they are reporting for 2009 (a decrease of 4.2 percent). The 31 percent of respondents expecting to spend more predict an average increase of 13.7 percent. An additional 28 percent anticipate a decrease averaging 39.7 percent. Forty-one percent expect to spend the same on capital expenditures in 2010 as in 2009. The six industries expecting increases in capital expenditures in 2010 — in order of percentage increase — are: Professional, Scientific & Technical Services; Mining; Agriculture, Forestry, Fishing & Hunting; Transportation & Warehousing; Public Administration; and Finance & Insurance.
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