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Tuesday, May 10, 2005
   


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91st Annual International Supply Management Conference and Educational Exhibit

In This Special Issue...

69th Semiannual Economic Forecast
Manufacturing Expansion Continues in 2005
Revenue to Grow 6.8%
Capital Spending Up 9.8%
Capacity Utilization at 86.8%
Non-Manufacturing Expansion also Continues in 2005
Revenue to Grow by 5.3%
Capital Spending Up 1.4%
Capacity Utilization at 86.9%

Manufacturing Summary
Expectations for 2005 remain high as 72 percent of survey respondents forecast revenues to be greater in 2005 than in 2004. However, expectations are lower overall as the panel of purchasing and supply executives now expects a 6.8 percent net increase in overall revenues for 2005 compared to a 7.8 percent revenue growth forecast in December 2004. Industries expecting double-digit improvement in 2005 are: Primary Metals; Wood & Wood Products; Transportation & Equipment; and Electronic Components & Equipment.

Non-Manufacturing Summary
Sixty-eight percent of non-manufacturing purchasing and supply executives expect their 2005 revenues to be greater than in 2004. They currently expect a 5.3 percent net increase in overall revenues compared to a 5.9 percent increase predicted for 2005 last December. Non-manufacturing industries expecting the greatest improvement over 2004 are -- listed in order -- Business Services; Mining; Wholesale Trade; Construction; and Health Services.

To read the entire Semiannual Forecast and access the links to the PowerPoint presentation click here.

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Online Daily Roundup

Didn't make it to San Antonio for ISM's 90th Annual International Supply Management Conference and Educational Exhibit? Get up to speed by checking out the Online Daily Roundup for the Conference's press releases, handouts, workshop summaries, and the 2005 Conference Proceedings.

To access the Online Daily Roundup click here.

Make plans now to attend the 91st Annual ISM International Supply Management Conference and Educational Exhibit taking place May 7-10, 2006, in Minneapolis, MN.

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Term of the Day

Today's ISM Term of the Day is: COMMERCIAL BRIBE.

Definition: A gift of greater than nominal value given in advance of a transaction or service for the purpose of influencing the behavior of the other party. A purchaser's acceptance of bribes from suppliers is unethical and illegal behavior.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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.

To access the Glossary click here.

If you are not a member but would like membership information click here.

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Questions/Comments? Contact RaeAnn Slaybaugh.

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