North American Project Spending Index Lands in Negative Territory for 10th Consecutive Month, Refining Spending Shines

SUGAR LAND--December 30, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--November was not a good month for personal income in the U.S., which fell $221.8 billion (1.1%) from the previous month, while personal consumption expenditures decreased $63.3 billion (0.4%), according to the U.S. Bureau of Economic Analysis. Likewise, last month was not good for industrial project spending. Industrial Info's North American Industrial Project Spending Index remained in negative territory for the 10th consecutive month in November, falling 21.4% from the same period a year earlier. Within this article: Details of Industrial Info's latest project spending indices