Fibre2fashion.com on Nostr: US economy to continue to softly expand for rest of 2024: ISM survey ========== The ...
US economy to continue to softly expand for rest of 2024: ISM survey
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The US economy is projected to continue to softly expand for the rest of 2024, according to the Spring 2024 semi-annual economic forecast by the Institute of Supply Management (ISM). Manufacturing is expected to expand at an average rate of 2.1% this year, slower than previously projected. Manufacturing revenue is also projected to rise by 2.1% this year. The forecast was presented by Timothy R. Fiore, chair of the ISM manufacturing business survey committee. The manufacturing sector is expected to continue its comeback from the turmoil of 2020, with an operating rate of 82.8% and projected increases in capital expenditures, prices paid for raw materials, and employment by the end of 2024. The 12 industries that reported projected revenue increases for the rest of the year include apparel, leather and allied products, chemical products, textile mills, and furniture and related products.
#UsEconomy #Manufacturing #IsmSurvey
https://www.fibre2fashion.com/news/textile-news/us-economy-to-continue-to-softly-expand-for-rest-of-2024-ism-survey-295408-newsdetails.htm
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The US economy is projected to continue to softly expand for the rest of 2024, according to the Spring 2024 semi-annual economic forecast by the Institute of Supply Management (ISM). Manufacturing is expected to expand at an average rate of 2.1% this year, slower than previously projected. Manufacturing revenue is also projected to rise by 2.1% this year. The forecast was presented by Timothy R. Fiore, chair of the ISM manufacturing business survey committee. The manufacturing sector is expected to continue its comeback from the turmoil of 2020, with an operating rate of 82.8% and projected increases in capital expenditures, prices paid for raw materials, and employment by the end of 2024. The 12 industries that reported projected revenue increases for the rest of the year include apparel, leather and allied products, chemical products, textile mills, and furniture and related products.
#UsEconomy #Manufacturing #IsmSurvey
https://www.fibre2fashion.com/news/textile-news/us-economy-to-continue-to-softly-expand-for-rest-of-2024-ism-survey-295408-newsdetails.htm