SOURCE: Industrial Info Resources

Industrial Info Resources

November 25, 2014 06:00 ET

Value of Project Starts Increases Across Most U.S. Regions in 2014, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 25, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As of mid-November, the value of U.S. construction starts tracked by Industrial Info for the first three quarters of the year provides a very positive indication of U.S. industrial construction spending. The value of project starts from January through September 2014 was approximately $145.07 billion, an increase of about 19.7% from the same period of 2013, which saw $121.16 billion in industrial construction starts.

Chemical Industry projects and the construction starts for billions of dollars of Oil & Gas (including LNG projects) in Texas and Louisiana make the Southwest market region, which started projects valued at more than $43 billion during the first three quarters, an obvious superstar in terms of project spending growth by dollar amount. However, other market regions have experienced noteworthy growth, which outstrip the Southwest's 32% spending growth on a percentage basis.

Check out the latest edition of Industrial Info's NavigatIIR online newsletter to learn more about which U.S. regions have shown project spending growth, as well as the latest general industrial spending trends for the U.S., Canada and Mexico.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten 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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