Manufacturing Expansion Forecast for 2022

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Manufacturing’s economic expansion is forecast by the Institute for Supply Management to continue into 2022, the organization said today.
ISM surveyed executives across 18 industries. Respondents expect gains in revenue and capital expenditures.Those surveyed “are optimistic about overall business prospects for the first half of 2022, with business continuing to expand through the second half, though at slightly lower rates,” Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee, said in a statement.

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