Manufacturing revenue overall, and in the Electrical Equipment, Appliances & Components segment specifically, is expected to increase, according to the 2012 Semiannual Economic Forecast from the Institute for Supply Management.
The forecast, issued by ISM's Business Survey Committee, included a Manufacturing Summary of results from the survey's panel of manufacturing supply management executives.
Results from respondents showed an overall average expectation of 4.5% revenue growth among manufacturers in 2012. Capital investment is expected to increase 6.2% in 2012. Surveys put operating capacity at 81.6%. Prices paid are expected to increase 0.4% through the end of 2012.
"With 16 out of 18 industries within the manufacturing sector predicting growth in 2012 over 2011, manufacturing continues to demonstrate its strength and resilience in the midst of global economic uncertainty and volatility," said Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Manufacturing Business Survey Committee. "Capacity utilization is at historically typical levels and manufacturers are continuing to invest in their businesses. The positive forecast for revenue growth and modest price increases will drive a continuation of the recovery in the manufacturing sector."
to Daily News