SOURCE: Industrial Info Resources

Industrial Info Resources

July 12, 2010 05:20 ET

Industrial Manufacturing Industry Spending Down for First Half of 2010, But Shows Signs of Recovery, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - July 12, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- It has been no secret that the sectors that make up the Industrial Manufacturing Industry have been suffering throughout the recession in the United States. Spending has been trending downward as companies have focused on consolidation, rather than expansion, for the past 18 months. However, as the national economy has begun recovering, companies are once again beginning to invest money in expansion rather than consolidation. During the first half of 2010, 249 capital and maintenance projects worth an estimated $9.7 billion began construction within the Industrial Manufacturing Industry in the U.S., a significant reduction from a year ago, when $17 billion worth of projects began construction between January and June 2009.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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