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Thursday, December 9, 2010

U.S. factory revenue to grow in 2011

U.S. factory revenue to grow in 2011: ISM Charlotte News Weather Carolina Panthers Bobcats FOX Charlotte Business: "NEW YORK (Reuters) - The manufacturing and services sectors will grow in 2011, with manufacturing revenue expected to increase by 5.6 percent, the Institute for Supply Management said in a semi-annual forecast released on Tuesday.
Revenue in the non-manufacturing sector, which comprises mostly service sector businesses, is expected to increase by 3.4 percent next year, ISM said in a statement, up sharply from a 0.2 percent revenue increase in 2010.
Manufacturing revenue rose 7.9 percent in 2010, ISM said.
'While 2010 has been a year of recovery in manufacturing, our forecast sees improvements in both investment and employment in 2011,' said Norbert J. Ore, chairman of the ISM Manufacturing Business Survey Committee."
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