WASHINGTON -- Industrial purchasing managers said yesterday that they expect to enjoy a buoyant year of economic growth while price pressures and labor costs remain muted.

The semiannual economics forecast of the National Association of Purchasing Management says members expect revenues to rise 7% this year, which is more optimistic than the 4.7% gain expected during the last survey in December. It is also the largest increase in any semiannual forecast since the group began the survey in December 1989.

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