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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SOURCE Industrial Info Resources, Inc.