U.S. factory, services revenue to grow in 2011: ISM
The U.S. manufacturing and services sectors will grow in 2011, with manufacturing revenue expected to increase by 5.6 percent, the Institute for Supply Management said in a semi-annual forecast released on Tuesday.
Revenue in the non-manufacturing sector, which comprises mostly service sector businesses, is expected to increase by 3.4 percent next year, ISM said in a statement.
Manufacturing sector capital investment should jump by 14.5 percent in the year, while non-manufacturing sector capital investment is expected to rise by 3.7 percent,
(Reporting by Steven C. Johnson; Editing by James Dalgleish)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick