Tuesday, December 11, 2012
In This SPECIAL Issue ...
  • December 2012 Semiannual Economic Forecast — Read more.
  • Vote Today — Cast Your Ballot for the Next Members of the ISM Board of Directors — Read more.
  • 30 New Podcasts Now Available on the ISM Website — Read more.
  • It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
  • Term of the Day — Read more.
  • Contact Us — Read more.

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December 2012 Semiannual Economic Forecast

Economic Growth Continues in 2013

Economic growth in the United States will continue in 2013, say the nation's purchasing and supply management executives in their December 2012 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report On Business®. The manufacturing sector is optimistic about growth in 2013, with revenues expected to increase in 17 manufacturing industries, and the non-manufacturing sector predicts that 14 of its industries will see higher revenues. Capital expenditures, a major driver in the U.S. economy, are expected to increase by 7.6 percent in the manufacturing sector and by 7 percent in the non-manufacturing sector. Manufacturing, however, expects that its employment base will grow by less than 1 percent, while non-manufacturing expects employment growth of 1.3 percent.

Manufacturing Summary
Expectations for 2013 are positive as 62 percent of survey respondents expect revenues to be greater in 2013 than in 2012. The panel of purchasing and supply executives expects a 4.6 percent net increase in overall revenues for 2013, compared to a 4 percent increase reported for 2012 over 2011 revenues. The 17 manufacturing industries expecting revenue improvement over 2012 — listed in order — are: Primary Metals; Petroleum & Coal Products; Computer & Electronic Products; Wood Products; Furniture & Related Products; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Paper Products; Chemical Products; Plastics & Rubber Products; Apparel, Leather & Allied Products; Miscellaneous Manufacturing; Transportation Equipment; Machinery; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; and Fabricated Metal Products.

Non-Manufacturing Summary
Fifty-nine percent of non-manufacturing supply management executives expect their 2013 revenues to be greater than in 2012. They currently expect a 4.3 percent net increase in overall revenues for 2013 compared to a 3.4 percent increase reported for 2012 over 2011 revenues. The 14 non-manufacturing industries expecting revenue improvement in 2013 over 2012 — listed in order — are: Construction; Professional, Scientific & Technical Services; Other Services; Management of Companies & Support Services; Real Estate, Rental & Leasing; Wholesale Trade; Retail Trade; Transportation & Warehousing; Accommodation & Food Services; Arts, Entertainment & Recreation; Finance & Insurance; Information; Public Administration; and Health Care & Social Assistance.

Read the entire ISM Semiannual Economic Forecast.

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Vote Today — Cast Your Ballot for the Next Members of the ISM Board of Directors

The 2013 Proxy for the Annual Meeting of Members of the Institute for Supply Management, Inc.™ (ISM) was mailed to you on December 7, 2012. You are being asked to vote on the election of ISM Board members. The report of the vote and other business of the organization will be made at the Annual ISM Membership Meeting that will be held on Thursday, January 10, 2013 at 11:45 a.m. Mountain Standard Time at the headquarters of ISM at 2055 E. Centennial Circle, Tempe, Arizona.

To learn how to register your vote, or for a complete explanation of ballot proposals, visit:

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30 New Podcasts Now Available on the ISM Website

ISM has been busy restocking the podcasts on the ISM website. Over 30 NEW podcasts have been added to our redesigned site, covering such titles from "Managing Your Employability" by Kathi M. Jobkar to "Social Media in Supply Management" by Shawn Casemore.

Visit the redesigned ISM podcast web section.

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It's Easy to Subscribe to the Just in ETime Newsletter

To receive Just in ETime:

  • First, log into the ISM website using your username and password.

  • If you have never created a profile/account on the ISM website, click "create an account" in the upper right-hand corner of the ISM Home Page.

  • If you do have an account, enter your username and password in the upper right-hand corner of the ISM Home Page.

  • Under the "Membership" tab, select the "My Account."

  • Select "Manage Newsletters."

  • Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.

If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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Term of the Day

Today's ISM Term of the Day is: CAGED STORAGE.

Definition: The practice of placing high-value or sensitive products in a fenced off area within a warehouse.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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