Economic growth in the U.S. will continue in 2011, say the nation’s purchasing and supply management executives in their December 2010 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009.
These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management.
Expectations for 2011 are positive as 65 percent of survey respondents expect revenues to be greater in 2011 than in 2010. The panel of purchasing and supply executives expects a 5.6 percent net increase in overall revenues for 2011, compared to a 7.9 percent increase reported for 2010.
Manufacturing purchasing and supply executives have expectations for continued …