SOURCE: Industrial Info Resources

Industrial Info Resources

October 26, 2012 06:15 ET

U.S. Industrial Manufacturing Industry Slips in 2012, Shows Signs of Hope for Growth in 2013, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Oct 26, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Great Recession and the following years of recovery have taken their toll on the Industrial Manufacturing Industry in the U.S. Spending has remained at a slightly lower level than before the recession, and companies have had to make a number of significant adjustments to how they handle their businesses in order to remain both competitive and operational. In 2012, the U.S. saw total spending slip slightly when compared to 2011's $27.9 billion in total capital and maintenance project activity. In 2012, the industry managed to just top the $25 billion mark in total spending, although this could certainly change in the final few weeks of the year. Looking ahead to planned expenditures for 2013, we see the industry poised to begin the year with a solid base of project activity, but much will depend on factors not yet in play, most significantly how the November elections turn out.

Throughout the recession and during the years of recovery, companies within the Industrial Manufacturing Industry have had to learn how to do more with less. Hundreds of plants were closed out of necessity during the recession, which cost the country hundreds of thousands of jobs. After the period of closings, companies began realizing that their facilities were actually still capable of meeting demand, although the total number of plants had diminished. Productivity was increased without adding workers, mainly through strategic upgrades of facilities and higher demand placed on those already employed to work smarter and more productively.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info'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. To contact an office in your area, visit the "Contact Us" page.

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