Economic Recovery Continues in 2010: Institute for Supply Management
Non-Manufacturing
Comparing the second half of 2010 to the first half, non-manufacturing purchasing and supply executives feel more optimistic than they do for the first half of the year compared to the last half of 2009 (diffusion index of 71.5 percent compared to 62.5 percent). The percentage of respondents who currently forecast the second half of 2010 to be better than the first half is 55 percent, while 12 percent expect it to be worse. An additional 33 percent of purchasers expect no change. The 13 industries expecting improvement in the second half of the year — listed in order — are: Utilities; Real Estate, Rental & Leasing; Accommodation & Food Services; Retail Trade; Transportation & Warehousing; Wholesale Trade; Finance & Insurance; Construction; Information; Professional, Scientific & Technical Services; Arts, Entertainment & Recreation; Mining; and Health Care & Social Assistance.