Economic improvement in the United States will continue in 2025, according to the December 2024 Institute for Supply Management (ISM) Supply Chain Planning Forecast, released today.
“Manufacturing’s purchasing and supply executives expect to see overall growth in 2025,” says Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. “They are optimistic about overall business prospects for the first half of 2025 and more excited about faster growth in the second half.
Manufacturing grew for 28 consecutive months from June 2020 through September 2022, was unchanged in October and dipped into contraction in November 2022, according to the ISM Report on Business.
“The index has remained in contraction since (November2022), except for a reading of 50.3% in March 2024,” Fiore says. “Respondents expect raw materials pricing pressure to ease in 2025 and see first-half 2025 profit margins improving over the second half of 2024. Wages and employment will continue to grow. Manufacturers also predict growth in both exports and imports in 2025.”
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SME is a nonprofit association of professionals, educators and students committed to promoting and supporting the manufacturing industry. SME helps manufacturers innovate, grow and prosper by promoting manufacturing technology, developing a skilled workforce and connecting the manufacturing industry.
