Factory, Services Revenue to Rise in 2013, ISM Predicts

Tuesday, 30 Apr 2013 11:22 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The U.S. manufacturing sector is forecast to continue to grow this year, with both revenue and investment seen increasing, an industry report showed on Tuesday.

Manufacturing revenue is expected to increase 4.8 percent in 2013 from the year before, the semi-annual forecast from The Institute for Supply Management (ISM) said.

Revenue in the non-manufacturing sector, which is made up mostly of service sector businesses, is expected to gain by 3.5 percent.

Capital investment among manufacturing firms is seen jumping 9.1 percent this year, and increasing by 3.5 percent in the service sector.

The projections are issued by ISM's Business Survey Committee.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved