SOURCE: Industrial Info Resources

March 21, 2008 06:30 ET

Second-Quarter Spending in 2008 Down 65% From Last Year in U.S. Industrial Manufacturing Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 21, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Last year at this time, the U.S. Industrial Manufacturing Industry was booming. But after the collapse of the automotive industry, the subprime mortgage crisis, the weakening of the dollar and the never-ending rise of the price of oil, the industry has experienced a dramatic reversal in spending. Industrial Info is tracking $5.4 billion, down 65% compared with last year's $15.6 billion, in project activity that is expected to begin construction during the second quarter of 2008.

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