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.

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

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info'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. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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