North American Industrial Spending Index Measured 40% Growth in June 2007

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Researched by Industrial Info Resources (Sugar Land, Texas). The recently updated June 2007 North America Industrial Spending Index indicates that the value of active industrial projects in North America is up 40.21% compared to 2006. This represents the highest level of growth since February 2007 and continues a three-month trend of increasing growth. Currently, there is more than $300 billion in active projects that have begun construction, or are scheduled to begin construction in 2007.

Click on the image at right to view a chart showing the monthly percentage growth of industrial projects in North America.

Looking at vertical markets, the Alternative Fuels Industry shows the largest increase in growth with more than $44 billion in active projects for 2007. Explosive growth is occurring in this industry as hundreds of new ethanol and biodiesel plants move forward. One example of the many Alternative Fuels Industry projects scheduled to begin construction this year is America’s Renewable Energy LLC (Quincy, Illinois), a division privately held Ewing Land Development Services (Pella, Iowa), which has received a State of Illinois EPA permit to proceed with construction of a new biodiesel plant that will be located in Quincy, Illinois. The development of these projects will continue to shape the commodities and energy markets in the near future.

After the Alternative Fuels Industry, the Petroleum Refining Industry is the second largest growth industry in 2007 with 195.77% growth measured. The Petroleum Refining Industry is planning to begin construction of more than $22 billion in capital and maintenance projects in 2007. Record profit margins and rising demand have domestic refiners ripe for capacity expansion and modernization projects.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns.