SOURCE: Industrial Info Resources

April 16, 2009 05:30 ET

U.S. Northeast and Mid-Atlantic Regions Experience Increases in Industrial Project Value for 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 16, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's North American Industrial Project Spending Index, the Northeast and Mid-Atlantic Region are the only bright spots in a market that has shrunk 20% when compared with 2008. For March 2009, the index is showing a 20% decline in the value of scheduled project construction starts for 2009 compared with 2008. The value of active projects in North America is $296 billion, compared with $373 billion in 2008. The March 2009 update continues a downward trend in growth that began at the peak in July 2007 and fell to its first decline in January 2009.

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