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ISM: Economy to see further recovery in 2014

December 11 2013

The U.S. economic recovery will continue in the new year, according to the Institute of Supply Management’s semi-annual economic forecast. Manufacturing employment is expected to increase 2.4 percent on average for the full year of 2014 while non-manufacturing employment is expected to increase 2.1 percent.

Revenues are expected to increase 4.4 percent in the manufacturing sector, compared to a 4.6-percent increase reported for 2013 over 2012 revenues. Revenues are expected to increase 3.6 percent in the non-manufacturing sector compared to a 4.0 percent increase in 2013.

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