U.S. Factories Are Less Upbeat on 2019 Sales on Hiring\, Tariffs

U.S. Factories Are Less Upbeat on 2019 Sales on Hiring, Tariffs

(Bloomberg) -- U.S. manufacturers remain upbeat about sales this year, though less so than before as a majority say hiring remains difficult and tariffs have raised prices.

Fifty-five percent of producers expect higher 2019 revenue, down from 64 percent in December, an Institute for Supply Management survey showed Wednesday. Service providers were less optimistic, with the share forecasting sales gains falling to 47 percent from 57 percent, according to the poll of purchasing and supply executives that participate in ISM’s monthly surveys.

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