ISM Forecast: Economic Expansion to Continue in 2006
May 10, 2006
Economic growth in the U.S. will continue in the second half of 2006, say the nation's purchasing and supply management executives in their spring 2006 Semiannual Economic Forecast. The projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management (ISM).
Expectations for 2006 remain high as 72 percent of manufacturing survey respondents forecast revenues to be greater in 2006 than in 2005. Expectations are higher overall as the panel of purchasing and supply executives now expects a 6.6 percent net increase in overall revenues for 2006 compared to their December 2005 forecast of 5.4 percent.
Industries expecting above average improvement in 2006 are: Apparel; Electronic Components & Equipment; Glass, Stone & ...