The index has remained in the mid-60s range since September 2003, indicating stable growth in the economy. |
The three components of the overall index that lost ground were delivery times, production and purchases, yielding a mixed result in terms of clear direction of the index. |
This confidence in business conditions also is reflected in the survey responses to the annual question regarding anticipated capital equipment expenditures. This year, 62 percent of supply chain managers plan to increase capital equipment expenditure in 2006; only 10 percent said they plan to cut back on capital expenditures. This is a marked difference from previous years, and suggests continued positive economic news for Arizona in the near term. |
Whatever happens with them we'll see in six months. So if we're doing well in production, it's a good sign. |