SOURCE: Industrial Info Resources

December 03, 2009 05:30 ET

2010 Global Industrial Outlook Forecasts $147 Billion in North America Project Starts, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 3, 2009) - Industrial Info (Sugar Land, Texas) has released the 2010 Global Industrial Outlook, analyzing global industrial project spending. For North America, the value of project activity scheduled for construction in 2010 is forecast to be $147.2 billion, down 2.7% from 2009. The forecast is derived by applying a confidence factor based on historical spending trends to the baseline project activity that Industrial Info is currently tracking. As of October 2009, Industrial Info identified 5,023 capital and maintenance projects in North America valued at $1 million or more that are scheduled to start construction in 2010.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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