ECM Buyers' Guide

Spending Index for January Indicates 36% Growth in 2008

Mar 13, 2008 10:01 AM


         Subscribe in NewsGator Online   Subscribe in Bloglines

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!

product of the week

Under cabinet luminaires

July 14, 2008 8:13 AM

View all 2008 Products of the Week

A panel of professionals answers your questions on a variety of topics.

I-Gard HRG and Arc Flash
I-Gard
Become an Expert
Submit your questions
iGard Resistance Grounding Q&A BookletDownload the Resistance Grounding Q&A Booklet
I-Gard

Learn how HRG technology can mitigate and reduce the arc flash hazard; design considerations to remember when specifying and installing an HRG system.
On-Demand Webinar
- Sponsored by I-Gard

Listen
"Full Voltage Motor Starting and Engine Generators"
Listen
Sponsored By:

 

resources

product info icon

product info

tradeshow icon

tradeshow

research icon

research

rss icon

rss

Browse Back Issues

Browse Back Issues