Manufacturing Market Hits Slump as Worldwide Financial Crisis Deepens

Description:
Reaction to the broadening global economic crisis has hit much of the manufacturing and industrial process world hard and fast. Reduced consumer demand has led to swift production cuts at factories in many markets, while the credit crunch has prompted some companies to hoard cash. As manufacturers grapple with the issues of the day, future plans often take a back seat. Construction projects in many sectors have been cancelled or at best deferred, leaving many design and construction firms pessimistic about their backlogs.

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