2011 Manufacturing Growth Forecasted

According to the Institute for Supply Management (ISM) semi-annual forecast, expect to see a 5.6% increase in manufacturing revenue, as well as an increase in business investment in the manufacturing sector.

While 2010 has been a year of recovery in manufacturing, expect improvements in both investment and employment in 2011. Manufacturing growth is now in its 16th consecutive month as measured by and reported in the monthly Manufacturing ISM Report On Business®."

The manufacturing sector reports operating capacity to be at 80.2% of their normal capacity, up from 72.8% reported in April 2010. Manufacturers have an expectation that employment in the sector will increase by 1.8%, while labor and benefits costs are expected to increase an average of 1.9% in 2011.

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