Tags: Factory | Services | Revenue | Economy

Factory, Services Revenue to Grow in 2014, ISM Predicts

Tuesday, 10 Dec 2013 10:12 AM

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

Manufacturing revenue is expected to rise by 4.4 percent in 2014 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 rise by 3.6 percent.

Capital investment among manufacturing firms is seen rising 8 percent in 2014 and increasing by 4.6 percent in the service sector.

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

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Economy
The U.S. manufacturing sector is forecast to grow again next year, with both revenue and investment increasing, an industry report showed on Tuesday.
Factory,Services,Revenue,Economy
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2013-12-10
Tuesday, 10 Dec 2013 10:12 AM
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