Skip to content
Subscriber Only

Factories in U.S. See Bigger 2011 Sales Gains, ISM Says

Manufacturers in the U.S. have a more optimistic outlook for sales and spending in 2011 than they did at the end of last year, according to a survey by the Institute for Supply Management.

Purchasing managers at U.S. factories anticipate sales will grow 7.5 percent this year, up from a 5.6 percent December forecast, according to the Tempe, Arizona-based group’s semiannual forecast issued today. By contrast, service providers estimated revenue will rise 2.1 percent this year, less than the 3.4 percent forecast in December.