SOURCE: Industrial Info Resources

May 08, 2008 06:30 ET

Refining Industry Drives $13 Billion in Third-Quarter Great Lakes Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Construction activity will continue to blossom in the Great Lakes region in the second half of summer. During the second quarter, the beginning of the prime construction period, $20 billion worth of project activity -- capital or maintenance -- is expected to begin construction in the region. In the third quarter, spending will decrease slightly with just more than $13 billion. This is almost exactly the same amount of construction activity that occurred in the same period last year. With the downward turn the economy has taken, it is remarkable that spending will remain consistent, especially in a region tied so heavily to the blue-collar workforce.

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