Economic Recovery Continues in 2010: Institute for Supply Management
Non-Manufacturing
As 2009 draws to a close, non-manufacturing supply managers report prices they pay have decreased by 2.2 percent over the entire year. This is less than the “no price change” they predicted in April 2009, and less than the 2.3 percent increase reported one year ago for 2008. Thirty-five percent of purchasers report price increases averaging 5.5 percent. Forty percent of purchasers indicate decreased prices with an average reduction of 10.1 percent, and 25 percent of respondents have not experienced overall price changes this year. The three industries reporting price increases in 2009 are: Health Care & Social Assistance; Accommodation & Food Services; and Educational Services.
Non-Manufacturing Price Changes Between End of 2008 and End of 2009