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Purchasing Trends to Watch in 2018

Thursday, November 30, 2017  
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By: Sarah Wright, The Municipal

 

2017 saw an increase in government spending, with a peak increase at 5.4 percent in the second quarter when compared with the second quarter of 2016. In "Onvia State & Local Procurement Snapshot - Q3 2017" Onvia Lead Market Analyst Paul Irby noted, "After two of the fastest growing quarters in our series, the state, local and education (SLED) market in the third quarter cooled somewhat to a still historically strong 3.1 percent year-over-year rate of increase. While the recent hurricanes had an impact, the market was also fitting into the typical 'up' pattern where once the first two fast-growth quarters are over the trend begins to normalize."


As far as annual growth by agency type, education led the pack with an 8.2 percent increase from 2016 while local agencies saw an increase of up to 4.1 percent. State agencies were down 1.7 percent from last year's third quarter.

 

Read the full article:

http://www.themunicipal.com/wp-content/uploads/2017/11/Municipal-2017-December-2017.pdf


National Cooperative Procurement Partners | 4248 Park Glen Rd.| Minneapolis, MN 55416 | 952.928.4660 | info@nationalcooperativeprocurementpartners.org

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