Supply Execs Say Manufacturing To Grow 6.4% In 2007
These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management (ISM). The forecast was released Dec. 12.
“Manufacturing purchasing and supply executives are optimistic about their organizations’ prospects for the first half of 2007, and predict additional growth during the second half,” said Norbert Ore, chair of the ISM Manufacturing Business Survey Committee. “While 2006 was a good year overall, it presented challenges with regard to energy costs and overall inflation in manufacturing costs. Respondents now expect those pressures to subside in 2007 based on their overall price forecast.”