Latest ISM report points toward strengthening U.S. manufacturing  The Institute of Supply Management released its spring 2011 Semiannual Economic Forecast this week, and according to the organization economic growth is projected to continue throughout 2011.

The ISM's report stated that expectations of an improved economic landscape have improved among executives in both the manufacturing and non-manufacturing sectors. The report, which surveyed the nation's purchasing and supply executives, found that 68 percent of respondents forecast revenues to be 13.2 percent higher through the end of the year.

Moreover, manufacturers' net revenue is expected to climb by 7.5 percent by the end of the year, which reflects a strengthening confidence in the economic recovery. In December 2010, when the ISM last released the semiannual report, respondents said they expected net revenue to rise by only 5.6 percent.

Nortbet J. Ore, the Chairman of the ISM manufacturing Business Survey Committee, said the survey illustrated that the manufacturing sector continues to drive U.S. economic growth.

"Much of manufacturing has emerged from the economic downturn and is experiencing significant growth," Ore said in a statement. "Capacity utilization is back to typical levels and manufacturers are significantly investing in their businesses."
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  1. This is a great video about US manufacturing: