Bloomberg
By Bob Willis
Dec. 6 (Bloomberg) -- U.S. manufacturers are more
optimistic about sales, spending and hiring for next year than service
companies, a sign factories will remain at the forefront of the
economic expansion, according to the Institute for Supply Management.
Purchasing managers at factories anticipate sales
will grow 5.5 percent next year and capital investment will increase
1.9 percent, the Tempe, Arizona-based group’s semiannual forecast
showed today. Revenue and spending will increase at a slower pace among
service providers, which account for about 90 percent of the economy.
“Manufacturing has demonstrated its resilience
throughout this challenging economic recovery period, with consistent
growth dating back to August of 2009,” Bradley Holcomb, chairman of the
group’s factory survey, said in a statement. Manufacturers “expect to
see continued growth in 2012.”
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