2016 prediction 10 – Manufacturing and ‘Other’ lead among vertical markets

10 vertical market

Total spending by businesses in 2016 will be $3.7B. I expect most of the traditional sectors to spend less than they did in 2015. Manufacturing and finance industries will spend 1.0% less, while government investments will drop by 0.6%. I expect retail spending to be the same ($0.7T) as 2015. The strongest growth will be in ‘other’ sectors, which includes Healthcare and Education.

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