U.S. Automotive Sector Begins 2013 with $1.2 Billion in Planned Construction Starts
Posted on January 18, 2013 at 03:13 AM EST
SUGAR LAND--January 18, 2013--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 on 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.