Economic growth in the United States will strengthen in 2004, say the nation's purchasing and supply executives in their 67th Semiannual Economic Forecast issued in April. Expectations for 2004 are encouraging in both the manufacturing and non-manufacturing sectors, and both sectors are optimistic about the balance of the year. These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management (ISM).
The forecast found 81% of survey respondents expecting revenues to be greater in 2004 than in 2003. The panel of purchasing and supply executives expects a 9.7% net increase in overall revenues for 2004, compared to an increase of 2.8% reported for 2003.