U.S. Industrial Manufacturing Spending Down 75% From Last Year

SUGAR LAND--May 13, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Throughout 2007, spending in the Industrial Manufacturing Industry in the United States was booming. Billions of dollars were being invested in upgrades, expansions and grassroot facilities across the country and across the wide breadth of sectors the industry covers. Then, the housing market crashed, followed by rising oil prices and a faltering economy.