Is the End of the Recession in Sight? U.S., Canadian Economies Show Some Bright Spots

BATON ROUGE, LOUISIANA--November 17, 2009--Industrial Info's North American Industrial Database shows that in the U.S. and Canada, 2,835 capital projects with a start date of 2009, representing a total investment value (TIV) of $283 billion, were placed on hold or cancelled outright this year, according to Industrial Info President and CEO Ed Lewis. Another 3,633 capital projects in North America were delayed and moved out to 2010 or beyond, he said, noting that these projects represented $1.2 trillion in capital spending. Industrial Info's North American Project Spending Index for October was down almost 32% compared to year-earlier spending levels. However, the news wasn't all bleak, Mr. Lewis told the audience. Since the start of 2009, Industrial Info has identified 6,080 new North American capital projects, representing a TIV of $350.9 billion.