News

Manufacturers Expect Slight Increase in Employment in 2016

Economic growth in the United States will continue in 2016, say the nation’s purchasing and supply management executives in the ISM December 2015 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009. The manufacturing sector is optimistic about growth in 2016, with revenues expected to increase in 16 manufacturing industries. Manufacturing expects that its employment base will grow by 0.2%, while non-manufacturing expects employment growth of 1.7%. Expectations for manufacturers in 2016 are positive as 63% of survey respondents expect revenues to be greater in 2016 than in 2015. The survey expects a 4.1% net increase in overall revenues for 2016, compared to a 1.4% increase reported for 2015 over 2014 revenues.