Skip to main content

Purchasing and supply managers project growth in 2015

Service providers in the United States are forecasting that their revenue growth will almost double next year to 10 percent.

That’s according to a survey by the Institute of Supply Management, which also showed manufacturers projecting increased revenue in 2015.

The service industries’ forecast compares with a 5.1 percent sales gain they reported for 2014, the Tempe, Ariz.-based group said in its semiannnual business outlook survey, which was also picked up by the National Marine Manufacturers Association in its newsletter.

Purchasing managers at factories anticipate that sales will grow 5.6 percent in 2015, up from 3.6 percent this year, according to a Bloomberg report.

A strengthening labor market and a plunge in gasoline prices are giving Americans the ability to keep spending, providing support to manufacturing and service industries. The improvement in demand also bodes well for employment and investment in equipment.

Service providers predicted a 1.7 percent increase in staffing levels in 2015, up from a 1.3 percent gain posted since April. Manufacturers projected a 1.5 percent increase next year, up from a 1.2 percent gain since April.

Purchasing managers in manufacturing plan to increase capital spending by 3.7 percent in 2015, down from a 14.7 percent increase this year. Service industries plan to increase capital investment by 3.8 percent, compared with a 3.3 percent gain this year.

Related

1_TRAVELIFT.COOP

Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.

1_JULY4

Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.

1_ORR.FUNDS

ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time

Norm#4

Ten Ways To Sell in a Tough Economy

These keys to successful selling can help you create customers who keep coming back, even when sales dip

1_ASA.BOARD

ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors.

1_EXEC.SEARCH

Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world.

1_PULSE.PING.0630

DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here.

1_PMMPODCAST

Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week