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  Premium News Article  ConstStarts3Q12  Attachment Included

U.S. Industrial Construction Starts Expected to Top $60 Billion in Third-Quarter 2012

Industrial Info News AttachmentSUGAR LAND--June 25, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial construction work has been booming in the U.S. thus far in 2012. During the first two quarters of the year, Industrial Info Resources has tracked just less than 2,900 capital or maintenance projects worth an estimated $119 billion that have begun construction activities in the U.S. That is an average of just about $20 billion in new industrial spending occurring each and every month, which is certainly a good thing for the overall economic outlook. While jobs continue to be a pressing issue, spending has ramped back up and is moving along at a very solid pace. Looking ahead to the third quarter of the year, Industrial Info is currently tracking another 1,700 capital or maintenance projects worth an estimated $60 billion that are scheduled to begin construction, which is right in line with the quarterly spending average the U.S. has seen this year.

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Industry Segment: Power
Word Count: 798 Words
Attachment: ConstStarts3Q12

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