US DATA: ISM semiannual rept text: “Economic growth in the United
States will continue in 2012. Expectations are for a continuation of the
economic recovery that began in mid-2009. The forecast projects optimism
about the U.S. economy for 2012. The manufacturing sector, overall, is
positive about prospects in 2012 with revenues expected to increase in
17 industries, while the non-manufacturing sector appears slightly less
positive about the year ahead, with 15 industries expecting higher
revenues. Capital expenditures, a major driver in the U.S. economy,
however, will increase only modestly in the manufacturing sector, while
investment in the non-manufacturing sector will remain essentially flat.
Mfg Expectations for 2012 are positive as 69 percent of survey
respondents expect revenues to be greater in 2012 than in 2011. The
panel of purchasing and supply executives expects a 5.5 percent net
increase in overall revenues for 2012, compared to a 7 percent increase
reported for 2011 over 2010 revenues.”