SOURCE: Industrial Info Resources

Industrial Info Resources

May 10, 2016 06:30 ET

North America Sees Planned Spending for 2016 Tumble More Than 8% From Year-Ago Estimate for 2015, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - May 10, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Planned industrial project spending for North America in 2016 stood at $372.93 billion at the end of April, compared with a $406.28 billion estimate for 2015 at the end of the same month last year, according to Industrial Info's North American Industrial Project Index. Most of the 8.21% decline can be attributed to three industries: Power, Oil & Gas Production, and Metals & Minerals.

Within this article: Details on industries and geographic regions that are seeing the most dramatic swings in spending plants, including challenges facing the Oil & Gas Industry amid crumbling prices and Canadian wildfires.

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    William Ploch