Purchasing Execs Expect Slow Growth in Manufacturing

Manufacturing businesses have concerns about their organizations’prospects for 2008, according to the latest semiannual forecast issued by the Business Survey Committee of the Institute for Supply Management. While 42 percent of manufacturing respondents predict revenues to be 9.2 percent greater in 2008 than in 2007, the overall expected revenue increase is only 1 percent for manufacturing as 31 percent expect a decline, and 27 percent expect no change.
 
Here’s a breakdown of the survey results:
 
Manufacturing

• Operating rate is currently 78.6 percent of normal capacity.
• Production capacity is expected to increase 2.5 percent …
  
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