NavigatIIR: PVF Spending Forecast for 2020 Slips by $2 Billion, but Hopeful Economic Signs Ahead

SUGAR LAND--October 20, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic and economic downturn have made a big difference in Industrial Info's Top-Line Forecast for U.S. pipes, valves and fittings (PVF) project spending this year.

At the beginning of 2020, the forecast for U.S. capital and maintenance project spending across 12 industries involving PVF was $13.6 billion for the year, up by nearly $400 million from 2019. By July, the updated forecast for this year was $11.6 billion, down $2 billion from the earlier forecast. Within this article: Industrial Info's Top-Line Forecast for pipes, valves and fittings