U.S. Northeast and Mid-Atlantic Regions Experience Increases in Industrial Project Value for 2009

SUGAR LAND--April 16, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's North American Industrial Project Spending Index, the Northeast Region, which includes Delaware, New Jersey, New York and Pennsylvania, and the Mid-Atlantic Region, which includes West Virginia, Virginia, Maryland, North Carolina, South Carolina, and the District of Columbia, are the only bright spots in a market that has shrunk 20% when compared with 2008. For March 2009, the North American Industrial Project Spending Index is showing a 20% decline in the value of scheduled project construction starts for 2009 when compared with 2008. The value of active projects in North America is at $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. The declines can be attributed mainly to project delays and capital expenditure reductions being implemented by companies across most industries, including power generation, oil & gas distribution, refining, alternative fuels, chemical processing, metals & minerals and pulp & paper.