FOR RELEASE: May 25, 1999
|NAPM Media Relations|
|602/752-6276 ext. 3015|
(San Diego, California) Economic growth will be higher in the second half of 1999, say the nation’s purchasing executives in their 57th Manufacturing Semiannual Economic Forecast. While 62% expect their 1999 revenues to be greater than in 1998, they expect a 4.3% net increase in revenues compared to a 5.2% increase predicted in December 1998.
OUTLOOK - NEXT 12 MONTHS
Members’ companies are more optimistic about the next 12 months than they were in December 1998. The 50% of members who are optimistic is significantly greater than the 40% who answered the same in December 1998. The 46% who are concerned is down from 53% in December 1998. The 4% of members who reported being worried or pessimistic is down from 7% reporting that outlook in December 1998.
Outlook - Next 12 Months
|Apr '96||Dec '96||May '97||Dec '97||May '98||Dec '98||May '99|
|Worried / Pessimistic||8%||5%||4%||1%||3%||7%||4%|
|Satisfied / Optimistic||28%||46%||56%||59%||59%||40%||50%|
In addition to the forecast, the Manufacturing NAPM Report on Business® is published monthly by the National Association of Purchasing Management, the largest purchasing and supply management research and education organization in the United States. NAPM is comprised of 181 affiliates with more than 44,000 members in the United States and Puerto Rico.
The full text version of the Manufacturing NAPM Report on Business® is posted on NAPM’s Web site at www.napm.org on the first business day of every month at 10:10 a.m. (EDT).
The next Manufacturing NAPM Report on Business® featuring the May 1999 data will be released at 10:00 a.m. (EDT) on June 1, 1999.