How has the economic downturn affected your business? (Shelby Township, MI)

The U.S. stone industry is not immune to the global economic downturn. A spot survey of Marble Institute members suggests that nearly all of our member stone companies have experienced a dip in their business, which has forced most companies to tighten their belts. In fact, nearly three out of four members surveyed told us they have delayed capital investments like new machinery purchases. Many have also been forced to reduce staff. Accoring to stonereport.com