Manufacturers Predict Revenue & Profit Growth in 2023

Although the U.S. manufacturing sector contracted in November, purchasing and supply executives are optimistic about their revenue prospects in 2023. The Institute for Supply Management’s December 2022 Semiannual Economic Forecast calls for a 5.5-percent net increase in overall revenues for 2023, compared with a 9.3-percent increase reported for 2022. “Manufacturing’s purchasing and supply executives expect…

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