North American Project Spending Index Up Nearly 25% in December

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info's North American Industrial Project Spending Index, which measures the value of active projects in the pipeline for the year, registered a 24.9% increase in December. The index totaled $289.5 billion, up more than $57.8 billion from the total in December 2017.

The Project Spending Index is a monthly indicator that compares planned industrial project spending for the current year to the previous year in order to get a measure of growth or contraction in the industrial market.

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