Planned Industrial Manufacturing in U.S. and Canada Up 40% from Last Year

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's North American Project Spending Index, the value of projects in the Industrial Manufacturing Industry that are planned to kick off this year in the U.S. and Canada is up 39.7% from the same period last year. Data through the end of June 2015 show that the value of the projects planned to kick off in 2015 was $50.6 billion, compared to $36.2 billion planned to kick off in 2014 at the same time of year.

Some of the biggest year-over-year gains have been seen in the eastern U.S., in the Southeast and Mid-Atlantic market regions. Together, these regions account for more than $17 billion in planned Industrial Manufacturing construction starts during the 2015 calendar year. Some of the highest-value projects in these market regions are commuter rail projects in metropolitan areas.

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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.