'Marginal' factory growth is seen

From Times Wire Services

U.S. manufacturing will see only "marginal" growth this year, according to an industry survey highlighting the difficulties facing the U.S. economy.

The Institute for Supply Management said its semiannual survey of purchasing and supply executives delivered a sharp downgrade to expectations for revenues, which they saw rising by just 1% this year.

That was a steep fall compared with the survey in December, which predicted a 6.8% increase in 2008 revenues.

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