ISM Semiannual Forecast: Capital Spending to Grow by 7.6% in 2013
Economic growth in the U.S. will continue in 2013, say the nation’s purchasing and supply management executives in the December 2012 Semiannual Economic Forecast from the Institute for Supply Management. The manufacturing sector expects revenues to increase in 17 manufacturing industries in 2013, and the non-manufacturing sector predicts that 14 of its industries will see higher revenues.
Capital expenditures, a major driver in the U.S. economy, are expected to increase by 7.6 percent in the manufacturing sector and by 7 percent in the non-manufacturing sector. Manufacturing, however, expec