SOURCE: Industrial Info Resources

Industrial Info Resources

April 06, 2011 06:45 ET

First-Quarter U.S. Project Cancellation Value Down 43% From Last Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 6, 2011) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial Info's PECWeb Online Database shows that the value of cancelled projects that were planned to begin in the first quarter of the year has declined 43.5% from first-quarter 2010 to first-quarter 2011. In the Industrial Manufacturing Industry, while a higher number of planned first-quarter projects were cancelled this year, fewer high-ticket plans were stopped, leading to a significant decline in the value of cancelled projects. The Great Lakes region has fared best regionally year over year.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=176656, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147