SOURCE: Industrial Info Resources

Industrial Info Resources

May 16, 2011 06:20 ET

North America Industrial Project Spending Index Shows 21% Growth in April 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 16, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- North American industrial construction activity continues to improve in 2011. Industrial Info's North America Industrial Project Spending Index is showing 21% growth as of April 2011. This means that confirmed construction starts are up 21% by value compared to the same time last year.

The number of projects being tracked this year in North America is up significantly from last year. Currently, there are 7,089 major capital and maintenance projects that have begun construction or are scheduled to begin construction in 2011. These projects represent $336.4 billion in total investment value (TIV). Last year at the same time, IIR was tracking 5,719 projects totaling $227.8 billion TIV.

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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 metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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