ISM Semiannual Forecast: Manufacturing Revenues to Grow 4.5% in 2012
Economic growth is expected to continue in the U.S. throughout the remainder of 2012, say purchasing and supply executives in their spring 2012 Semiannual Economic Forecast. Expectations for the remainder of 2012 continue to be positive in both the manufacturing and non-manufacturing sectors. These projections are part of the forecast issued by the Institute for Supply Management.
Manufacturing Sector Summary
Sixty-six percent of respondents forecast revenues will be 9.5 percent greater in 2012, 15 percent expect a 12.1 percent decline, and 19 percent foresee no change. This yields an overall average expectation of 4.5 percent revenue growth among manufacturers in 2012, which is …