Total U.S. and Canadian Industrial Spending Drops 20 Percent
RALEIGH, NC - August 1, 2010
Research by Industrial Reports, Inc. shows July planned capital spending for U.S. and Canadian industrial projects dropped 20 percent compared to June spending. The July total for the two nations was $21.67 billion, compared to June’s $27.12 billion. The research organization reported 314 planned U.S. and Canadian projects for July.
Planned July project investment in the U.S. was $16.97 billion, which is nearly 23 percent under June’s $21.98 billion. Canadian investment for July was $4.70 billion, an 8.5 percent dip from June’s $5.14 billion in planned spending. Projects in both nations ranged in value from $500,000 to $3.6 billion.
Energy facility projects led in the U.S. with $7.95 billion in planned investment, followed by manufacturing projects at $4.88 billion. Process facility projects accounted for $2.58 billion in planned U.S. spending.
In Canada, energy facilities also led planned project investment with $2.18 billion, followed by process facilities with $2.09 billion planned.
Texas was the U.S. investment leader in July with $4.47 billion in planned spending, followed by Florida with $2.75 billion and Illinois with $1.76 billion.
In Canada, British Columbia led the provinces and territories with $1.89 billion in planned project investment for the month, followed by Alberta with $1.09 billion and Ontario with $413 million.
Indiana was the U.S. project activity leader in July with 24 planned projects, followed by California with 13. Kentucky, North Carolina and Texas each reported 12 planned projects.
Alberta and Ontario were the Canadian leaders in project activity, each with 10 planned projects reported, followed by British Columbia with eight.
Industrial Reports researches projects in the United States and Canada for companies that provide services, materials and equipment for new and expanding industrial facilities, including:
- Manufacturing Facilities
- Process Facilities
- Chemical Process Facilities
- Food Processing Facilities
- Research & Development Laboratories
- Distribution Facilities
- Energy Facilities
- Industrial Buildings
- Industrial Equipment Installation
- Water/Wastewater Treatment Facilities
- Solid Waste Facilities
- Plant Dismantlements
The following are selected projects researched and reported in July:
California:
$50 Million Composting Facility, Design Complete
District of Columbia:
$17.5 Million District Energy Facility, Starting Design
Indiana:
$74 Million Forensics & Pharmaceutical Testing Facility, Design Phase
Iowa:
$85 Million Corn Milling Expansions, Planning and Some Design
Kentucky:
$11.2 Million Steel Processing Facility, Planning Phase
Louisiana:
$50 Million Pulp & Paper Mill Demolition, Planning Phase
Montana:
$40 Million Water Treatment Plant, Design Phase
Oklahoma:
$50 Million Crude Oil Terminal, Planning and Some Design
Québec:
$100 Million Hydroelectric Power Plant, Design Complete
Texas:
$90 Million Food Distribution Facility, Planning Phase
Virginia:
$120 Million Data Center, Starting Planning
Washington:
$5 Million Chemical Tank Farm, Starting Planning
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