Economic Recovery Continues in 2010: Institute for Supply Management
Business Revenues Prediction for 2010
Manufacturing
Purchasers forecast that 2010 will be better than 2009 as measured by their revenue expectations. The 60 percent of respondents forecasting better business in 2010 than in 2009 estimate an average nominal (before adjusting for inflation) increase of 12 percent in their organizations’ revenues. This is in contrast to an average nominal decrease of 17.8 percent forecast by the 9 percent who predict worse business in 2010. Including the 31 percent who see no change in 2010, the forecast for overall net nominal increase in business revenues for 2010 over 2009 is 5.7 percent. The 13 manufacturing industries expecting improvement over 2009 — in order of percentage increase — are: Transportation Equipment; Nonmetallic Mineral Products; Printing & Related Support Activities; Computer & Electronic Products; Paper Products; Electrical Equipment, Appliances & Components; Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Chemical Products; Machinery; Miscellaneous Manufacturing(a); Textile Mills; and Fabricated Metal Products.