Society of Manufacturing Engineers: ISM Forecasts Manufacturing to Contract for Rest of 2020
May 16, 2020
May 16, 2020
DEARBORN, Michigan, May 16 -- The Society of Manufacturing Engineers issued the following news release on May 15:
Manufacturing will contract for the rest of the year because of the novel coronavirus (COVID-19), the Institute for Supply Management said in a semi-annual economic forecast.
Revenue for the year for manufacturing is expected to decline by an average of 10.3 percent, the Tempe, Ariz.-based group said. Employment is forecast to fall by an average of 5.3 perce . . .
Manufacturing will contract for the rest of the year because of the novel coronavirus (COVID-19), the Institute for Supply Management said in a semi-annual economic forecast.
Revenue for the year for manufacturing is expected to decline by an average of 10.3 percent, the Tempe, Ariz.-based group said. Employment is forecast to fall by an average of 5.3 perce . . .