Data from the marketing research division of TR Cutler, Inc., the leading manufacturing marketing research firm, corroborated data recently presented by the Institute for Supply Management (ISM). The Semiannual Economic Forecast paints an optimistic picture for ongoing economic growth for both the manufacturing and non-manufacturing sectors as part of the recovery that kicked off in earnest in mid-2009. Data for this report is based on feedback from U.S.-based purchasing and supply chain executives in manufacturing and non-manufacturing sectors. On the manufacturing side, ISM expects revenue in the sector to increase by 5.1% in 2018, which is ahead of 2017’s estimate of 4.1%, with 70% of manufacturing respondents expecting 2018 revenue to be ahead of 2017 revenue and revenue expected to grow in 16 of the 20 manufacturing sectors.
2018 manufacturing capital expenditures are expected to be up 2.7%, which is below the 8.7% increase from 2016 to 201 and also below May’s estimate of 5.2% for 2017. The report said 2018 manufacturing capital expenditures are expected to head up 2.7%, below the 5.2% predicted in May, and capacity utilization at 85.8% topping May’s 82.5%. Prices paid for raw materials by ISM manufacturing respondents are projected to go up 1.3% during the first four months of 2018, with the expectation of an additional 0.5% increase over the balance of the year for a total 2018 increase of 1.8%. And ISM said that manufacturing respondents expect the U.S. dollar to see gains against the seven major currencies of major trading partners in 2018, matching 2016. The current manufacturing operating rate is at 85.8, with production capacity expected to be up 2.7% in 2018.
About TR Cutler, Inc.
TR Cutler, Inc. was founded seventeen years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
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Address:3032 S. Oakland Forest Dr. S-2803
City: Fort Lauderdale
Country: United States