Manufacturers in U.S. More Upbeat About 2014 Sales, ISM Says
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Manufacturers in the U.S. are more optimistic about demand and capital spending this year than at the end of 2013, according to a survey by the Institute for Supply Management.
Purchasing managers at factories project sales will grow 5.3 percent in 2014, up from the end of last year when they forecast a 4.4 percent gain, the Tempe, Arizona-based group’s figures showed today. Service industries estimate a 2.7 percent net increase in revenue compared with a December projection for a 3.6 percent gain.