Investing in a Brighter Future

For overall spending plans, 33 percent of the companies reported plans to increase spending in 2004, while 28.7 percent plan to reduce spending and 32.5 percent will spend at the same level as last year. "This is the first year since the inception of the Purchasing Plans Study that the 'no change in spending' group did not represent the clear majority of respondents," said Chuck Yuska, PMMI president. "This is good news, in that there may be a shift away from the overall mood of extreme caution we've seen in the market for many years."