North American Project Spending Index Rises 16.35% in August, an Industrial Info News Alert

SUGAR LAND, Texas, Sept. 26, 2018 /PRNewswire/ -- 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, was up 16.35% in August compared with the measurement reported a year earlier, with 10 of the 12 tracked industries showing increases.

Stronger economic performance is driving consumer goods manufacturing industries, while higher crude oil prices are driving up spending in the midstream oil and gas industries as drilling activity increases. Potential headwinds from trade talks have yet to show a real impact on overall industrial plant spending activity.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Brian Ford

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SOURCE Industrial Info Resources, Inc.