Manufacturers Foresee Continued Growth In 2005, But A Slowdown In Capital Expenditures
Economic growth in the U.S. will strengthen in 2005, say the nation's purchasing and supply executives in the 68th Semiannual Economic Forecast issued by the Business Survey Committee of the Institute for Supply Management (ISM).
The panel of purchasing and supply executives expects a 7.8 percent net increase in overall revenues for 2005, compared to an increase of 8.3 percent increase reported for 2004.