Economic Recovery Continues in 2010: Institute for Supply Management
BUSINESS REVENUES
Business Revenues Comparison — 2009 vs. 2008
Manufacturing
Summarizing revenues for 2009, 22 percent of respondents say revenue was better than 2008, and that nominal (before adjusting for inflation) revenues increased an average of 20.3 percent over 2008. Conversely, 68 percent say their nominal revenues decreased in 2009 by an average of 22.1 percent, and the remaining 10 percent indicate no change. Purchasing and supply executives indicate an overall net nominal decrease of 10.7 percent in business revenues for 2009 over 2008. This is less than the 14.7 percent decrease that was forecast in April 2009 for all of 2009, and more than the 1.1 percent decrease predicted in December 2008 for all of 2009. The three industries reporting increases (highest to lowest) in revenues in 2009 are: Chemical Products; Miscellaneous Manufacturing(a); and Food, Beverage & Tobacco Products.