SOURCE: Industrial Info Resources

Industrial Info Resources

June 29, 2011 06:15 ET

U.S. Industrial Manufacturing Industry Capital Expenditures Should Increase in Second Half of 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 29, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- After two years of spending reductions, thanks to the recession and its associated plant closures and layoffs, the U.S. Industrial Manufacturing Industry has seen its overall capital and maintenance spending increase. Total spending began to recover in the second half of 2010, as companies felt comfortable enough with the general status of the economy to invest in their own infrastructure again. Heading into 2011, the outlook was rosy as companies continued to invest in themselves but also began to add new facilities as capacity utilization of their existing facilities was reaching critical levels. During the first half of 2011, $16 billion worth of industrial manufacturing capital or maintenance projects began construction activities in the U.S. Looking ahead at what is planned for the second half of 2011, the industry is poised to see capital and maintenance expenditures exceed those made during the first six months of the year.

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