SOURCE: Industrial Info Resources

April 24, 2008 06:30 ET

U.S. Industrial Manufacturing Industry to See 27 Plant Closures in 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 24, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the U.S. economy slowly spirals into a recession, the Industrial Manufacturing Industry, the blue-collar backbone of American industry, has begun to show the effects of the economic downturn. A struggling automotive industry, a crumbling housing market, the credit crunch and steady increases in the cost of gasoline have been a recipe for disaster for the industry as a whole. Spending has remained steady, but companies are beginning to trim the fat, resulting in the closure of plants becoming more prevalent.

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