ISM finds economic improvement in 2025. Including wood products, furniture

Automotive and Transportation Automotive and Transportation

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[ Mon, Dec 16th 2024 ] - Woodworking Network

ISM finds economic improvement in 2025. Including wood products, furniture

^{Published on 2024-12-16 20:41:28 - Woodworking Network}

Economic improvement in the United States will continue in 2025, say the nation's purchasing and supply management executives in the December 2024 ISM Supply Chain Planning Forecast, formerly known as the Semiannual Economic Forecast.

The article from Woodworking Network discusses the Institute for Supply Management's (ISM) Semiannual Economic Forecast, which indicates a positive outlook for the U.S. economy in 2025, particularly for the wood products sector. The forecast predicts a slight increase in manufacturing revenue, with wood products expected to see a 2.1% growth. This growth is supported by an anticipated rise in demand, with 56% of survey respondents expecting higher demand in the first half of 2025, and 60% for the second half. Additionally, there's an expectation of increased capital expenditures, with 37% of respondents planning to increase investments in the first half, and 43% in the second half. Despite these positive trends, the report also highlights ongoing concerns such as labor shortages, supply chain issues, and inflation, which could impact the sector's performance. However, the overall sentiment leans towards cautious optimism with potential for economic improvement in the wood products industry.

Read the Full Woodworking Network Article at:
[ https://www.woodworkingnetwork.com/news/woodworking-industry-news/ism-finds-economic-improvement-2025-including-wood-products ]

N@N

ISM finds economic improvement in 2025. Including wood products, furniture