Spending Index for January Indicates 36% Growth in 2008
Planned industrial project spending in North America grew 36.9% in January in a year-over-year comparison with January 2007, according to Industrial Info Resources, Sugar Land, Texas. Currently, there is $327 billion worth of industrial projects scheduled to begin construction in 2008. Most of the growth is occurring in the energy sector, including power, petroleum refining, alternative fuels, and oil and gas production, as well as in the metals and minerals market and pharmaceutical industry.
The power industry alone is planning more than $153 billion in projects in 2008. This represents a 27.5% increase for the industry in a comparison with January 2007. January is the second month in a row of increased project activity, which was preceded by four months of decline.
Want to use this article? Click here for options!
© 2012 Penton Business Media, Inc.
Latest Articles
Toroidal power transformers
Feb 8, 2012 8:39 AM
Modular controllers
Feb 7, 2012 8:47 AM
Standby generators
Feb 6, 2012 10:28 AM
Trending Articles
Acceptable Use Policy blog comments powered by Disqus
advertisement
product spotlight
Toroidal power transformers
Feb 8, 2012 8:39 AM
These toroidal power transformers are designed for medical applications...
View all 2012 Product Spotlights
Free Product Info
Our Product Information site is the ultimate online resource for products and services offered by Advertisers featured in our Magazine. This service is provided as a quick and easy way to request Product Information online. Get FREE product information now.



































