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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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