<<< $RITE >>> Overall, industry performance is expected to improve over the five years through 2017, as output and prices increase. Industry revenue is expected to expand at anannualized 7.6% to reach $364.7 billion. Profit will increase a little moreslowly, as employment and wages rise and as materials costs (especially fuel) increase. Firms will continue to focus on productivity gains and cost containment. Growth in the volume of iron ore output and the opening of newiron ore mines will ensure that industry employment expands over the next five years, rising at about 4.1% per year.
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