How much impact has there been on machinery purchases (Shelby Township, MI)

As with every industry, our members are delaying new machinery purchases. The U.S. stone industry has significantly upgraded its technology in the past few years to improve efficiency and productivity. With the economic slowdown, our members seem comfortable using their existing machinery, or if planning to replace machinery are first investigating used equipment on the market (of which there is a huge amount). A spot survey of members suggests that about four in 10 have delayed all machinery purchases, and 85 percent have delayed at least some purchases. According to stonereport.com