Economic Growth to Proceed at Moderate Pace in 1996

Purchasing executives forecast revenue growth of 4.8%
Economic growth will be slower in 1996, say the nation's purchasing executives in NAPM's 50th Semiannual Economic Forecast. Purchasers expect only a 4.8% increase in overall 1996 revenues, compared to a 7.4% increase reported for 1995 and down substantially from the 21.8% increase reported for 1994. Industries expecting the greatest improvement over 1995 are - listed in order - Leather, Electronic Components & Equipment, Food, Chemicals, Printing & Publishing, Rubber & Plastic Products, Primary Metals, Tobacco, Fabricated Metals, and Glass, Stone & Aggregate.

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