SOURCE: Industrial Info Resources

November 17, 2009 05:30 ET

Is the End of the Recession in Sight? U.S., Canadian Economies Show Some Bright Spots, an Industrial Info News Alert

BATON ROUGE, LA--(Marketwire - November 17, 2009) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Industrial Info's North American Industrial Database shows that in the U.S. and Canada, 2,835 capital projects with a start date of 2009, representing a total investment value (TIV) of $283 billion, were placed on hold or cancelled outright this year, according to Industrial Info President and CEO Ed Lewis. Another 3,633 capital projects in North America were delayed and moved out to 2010 or beyond, he said, noting that these projects represented $1.2 trillion in capital spending. Industrial Info's North American Project Spending Index for October was down almost 32% compared to year-earlier spending levels. However, the news wasn't all bleak, Mr. Lewis told an audience in Baton Rouge. Since the start of 2009, Industrial Info has identified 6,080 new North American capital projects, representing a TIV of $350.9 billion. Industrial Info's 2010 Global Outlook highlights forecast spending throughout the world for the coming year.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

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 or visit us online at

Contact Information

  • Contact:
    Joe Govreau