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Manufacturing & The Economy

ISM Survey Says Manufacturers Have Positive Outlook

Sixty-eight percent of respondents from the panel of manufacturing supply management executives in the ISM Spring 2014 Semiannual Economic Forecast predict their revenues will be 9.1% greater in 2014 compared to 2013, 9% expect a 9.6% decline, and 23% foresee no change. This yields an overall average expectation of 5.3% revenue growth among manufacturers in 2014, which is a notable increase of 0.9% from December 2013 when the panel predicted a 4.4% increase in 2014 revenues. With operating capacity at 82.3%, an expected capital expenditure increase of 10.3%, prices paid expected to increase a modest 0.2% from now through the end of 2014, and employment expected to grow 1.5% for the balance of 2014, manufacturers are positioned to grow revenues while containing costs through the remainder of the year. 

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