Economy
May 20, 2021
ISM Report Lifts Expectations for 2021 Manufacturing Sector
Written by Sandy Williams
The manufacturing sector can expect continued growth for the remainder of this year, says the Institute for Supply Management in their Spring 2021 Semiannual Economic Forecast. ISM raised its projections for several components of the survey that covers 18 manufacturing industries.
“Expectations for the remainder for 2021 have strengthened somewhat compared to December 2020, as there is hope that the corner has been turned on the coronavirus (COVID-19) pandemic; both manufacturing and services sectors are signaling expansion,” said Timothy Fiore, chairman of the ISM Manufacturing Business Survey.
