|In This SPECIAL Issue ...
|ISM's Spring 2011 Semiannual Economic Forecast
Economic Growth to Continue Throughout 2011
Economic growth is expected to continue in the United States throughout the remainder of 2011, say the nation's purchasing and supply executives in their spring 2011 Semiannual Economic Forecast. Expectations for the remainder of 2011 have improved in both the manufacturing and non-manufacturing sectors.
Sixty-eight percent of respondents predict revenues will be 13.2 percent greater, 12 percent expect a 13.2 percent decline, and 20 percent foresee no change. This yields significant expectations for growth in 2011, as manufacturers' net revenues are expected to increase 7.5 percent. This represents an improvement in expectations from December 2010 when the panel of supply management executives predicted a 5.6 percent increase in 2011 revenues compared to 2010. With operating capacity improving to 83.2 percent, an expected capital expenditure increase of 17.9 percent, and prices paid expected to increase 7.4 percent for the full year of 2011, manufacturers will be challenged to grow revenues and contain costs through the remainder of the year. "Much of manufacturing has emerged from the economic downturn and is experiencing significant growth. Capacity utilization is back to typical levels and manufacturers are significantly investing in their businesses. The positive forecast for revenue growth and improved employment will drive the continuation of the recovery in the sector," said Ore.
Fifty percent of non-manufacturing purchasing and supply executives expect their 2011 revenues to be greater by 9.3 percent than in 2010. Overall, respondents currently expect a 2.1 percent net increase in overall revenues, which is lower than the 3.4 percent increase that was forecast in December 2010. "Indications are that non-manufacturing will continue on the path of slow and sustainable growth for the balance of 2011. Price increases and slow employment growth are prominent areas of concern in the non-manufacturing sector," Nieves said.
To read the entire news release, click here.
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|Participating Employers of the ISM Conference Career Center
This year's Conference Career Center had 10 participating employers. Of the 10 employers, 9 posted their job openings online in the Conference Career Center. The job postings are available to ISM members and non-members. The 10 participating employers include:
- AGCO Corporation
- Capital One Financial Corporation
- Cat Logistics
- Devon Energy Corporation
- ICG Commerce
- Kaye/Bassman International
- Resources Global Professionals
- U.S. Department of State
To view the participating employers and their job postings, click here.
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|Term of the Day
Today's ISM Term of the Day is: ENTERPRISE APPLICATION INTEGRATION.
Definition: Technologies that enable the movement and exchange of information between different applications and business processes within and between organizations.
A different Term of the Day is posted on the ISM Home Page each day — seven days a week. The Term of the Day is taken from the ISM Glossary of Key Supply Management Terms.
ISM members can access the online Members Only Glossary which includes terms from the private, public, and various industry sectors, and from a wide variety of sources. The Glossary can be browsed alphabetically, or searched by keyword.
Access the online Glossary.
If you are not a member but would like membership information, visit the ISM website.
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