Spending Down as U.S. Industrial Manufacturing Industry Completes Capital and Maintenance Projects During Q1 2008

SUGAR LAND, TX -- (MARKET WIRE) -- Apr 10, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Over the last nine months, spending within the United States' Industrial Manufacturing Industry has remained relatively steady. During the third quarter of 2007, capital and maintenance projects worth $8.6 billion were completed, and during the fourth quarter, an additional $7.8 billion in project spending was added to that total, a decline of 11.2%. During the first quarter of 2008, spending decreased once again, dropping an additional 11% to $7 billion.

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