North America Sees Planned Spending for 2016 Tumble More than 8% from Year-Ago Estimate for 2015

SUGAR LAND--May 10, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Planned industrial project spending for North America in 2016 stood at $372.93 billion at the end of April, compared with a $406.28 billion estimate for 2015 at the end of the same month last year, according to Industrial Info's North American Industrial Project Index. Most of the 8.21% decline can be attributed to three industries: Power, Oil & Gas Production and Metals & Minerals. Within this article: Details on high and low points in industrial project kick-offs for 2016.