From the Wires
U.S. Automotive Sector Begins 2013 With $1.2 Billion in Planned Construction Starts, an Industrial Info News Alert
By: Marketwire .
Jan. 18, 2013 06:15 AM
SUGAR LAND, TX -- (Marketwire) -- 01/18/13 -- 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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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 www.industrialinfo.com "Contact Us" page.
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