Wednesday, December 10, 2014

Execs With a Strong 2015 Outlook

Here's some good news as we head into 2015: America's business executives are optimistic that next year will show even stronger growth than we had in 2014. That's according to a survey of manufacturing and non-manufacturing supply executives released yesterday by the Institute for Supply Management, which forecast that revenues, employment and capital expenditures should all grow strongly next year.

Among manufacturers, revenues are expected to rise 5.6 percent next year. They also expect only modest growth in their costs. with prices paid for raw materials expected to increase 1.5 percent and labor and benefits costs projected to increase 3.2 percent.

Non-manufacturers are even more optimistic. They expect a 10 percent increase in revenues next year, with input prices rising 2.5 percent and labor costs rising 2.1 percent. They also project capital spending will rise by 3.8 percent and employment by 1.7 percent.

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