ISM Semiannual Report

For manufacturing, ISM is estimating a 5.6% revenue gain in 2024; while ISM member panelists are calling for 2024 services-based economy revenues to increase 6.9% in 2024.

For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping 2022’s 2.1% gain, which fell short of May’s 4.9% estimate.

For manufacturing, ISM is estimating a 9.2% revenue gain, topping the 2022 estimate, from the December report, at 6.5%. ISM member panelists are calling for 2022 revenues to rise 4.9%, ahead of December’s 4.3% 2022 projection, and in line with 2021’s 4.8% increase.