SOURCE: Industrial Info Resources
January 18, 2013 06:15 ET
SUGAR LAND, TX--(Marketwire - Jan 18, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Worries about the economic effects of the "fiscal cliff" have caused some businesses to pull back on spending and expanding. Spending in capital goods, excluding defense and aircraft purchases, fell sharply throughout 2012, with only a slight rebound due to a pending tax break for business purchases. Nevertheless, the U.S. automotive sector is expected to see tremendous growth in 2013. Industrial Info is currently tracking $1.2 billion in new construction starts scheduled to begin in the sector this year.
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