Midwest, Northeast Show Largest Year-over-Year Spending Growth

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's Project Spending Index, at the end of July the value of projects planned to kick off in the U.S. in 2015 was 4% higher than at the same time in 2014. Not all regions have fared equally well. Planned spending in the West Coast market region is down more than 20% from last year, while spending in the Rocky Mountains region and U.S. Southeast are both down more than 10%.

However, other areas are contributing to the overall spending growth in the nation, and the largest spending increases (on a percentage basis) have been seen in the Midwest (up 40.9%) and the Northeast (up 42.8%).

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and ten international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.