ISM® Reports Economic Improvement to Continue in 2021
News provided by
Share this article
Share this article
Manufacturing Growth Expected in 2021; Revenue to Increase 6.9%; Capital Expenditures to Increase 2.4%; Capacity Utilization Currently at 85.7%; Services Growth Projected in 2021; Revenue to Increase 1.6%; Capital Expenditures to Increase 12.7%: Capacity Utilization Currently at 86.6%
TEMPE, Ariz., Jan. 19, 2021 /PRNewswire/ Economic improvement in the United States will continue in 2021, say the nation s purchasing and supply management executives in the December 2020
Semiannual Economic Forecast. This expansion will continue a growth trend that began in June 2020, as indicated in the monthly ISM
®
Report On Business
®. Revenues are expected to increase in 15 of 18 manufacturing industries and 12 of 18 services-sector industries. Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and i