Food and Beverage Industry Expects Higher Revenue for Rest of 2022: ISM Forecast - Food Industry Executive

2022-08-20 01:47:49 By : Ms. Suzy Gui

The manufacturing sector as a whole continues to rebound from the turmoil of the past two years. According to ISM’s Spring 2022 Semiannual Economic Forecast , manufacturing is expected to expand in 2022 and revenue is expected to increase on average by 9.2%. This is 2.7 percentage points higher than the December 2021 forecast of 6.5%.

Here’s what the food, beverage, and tobacco industry expects for the remainder of the year: