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US manufacturing sector to rise by 5.6% in 2015

US manufacturing sector to rise by 5.6% in 2015

NEW YORK: The US manufacturing sector is expected to rise by 5.6 percent in 2015 from this year, the semi-annual forecast from The Institute for Supply Management (ISM) said.

Revenue in the non-manufacturing sector, which is made up mostly of service industry businesses, is expected to rise by 10 percent next year.

Capital investment among manufacturing firms is seen rising 3.7 percent in 2015 and increasing by 3.8 percent in the service sector.