Combined U.S. & Canadian Industrial Spending Falls 23 Percent
RALEIGH, NC –April 3, 2017
Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending fell for the second consecutive month this year. March spending for the two nations totaled $34.86 billion compared to February planned investment of $45.46 billion. January planned capital spending was $128.23 billion. The research organization reported 298 planned U.S. and Canadian projects in March.
Planned U.S. project spending dropped in March with $29.32 billion in planned investment compared to the February total of $41.84 billion. Canadian planned investment improved to $5.54 billion in March from $3.62 billion in February. Projects in both nations ranged in value from $700,000 to $2.8 billion.
Process projects led U.S. spending with $13.83 billion in planned investment, followed by power and energy projects with $10.47 billion. Manufacturing projects reported $2.67 billion in planned U.S. spending.
In Canada, process projects led all markets with $4.66 billion in planned spending, while power and energy projects accounted for $673 million.
Texas led the U.S. with $6.43 billion in planned investment, followed by Kansas with $3.02 billion, and Oregon with $2 billion.
British Columbia was the Canadian spending leader with $2.15 billion in planned project investment for the month, followed by Yukon Territory with $1.05 billion and Ontario with $622 million.
Texas was the U.S. project activity leader in March with 19 planned projects, followed by New York with 17, and South Carolina with 15.
Alberta was the Canadian project leader with 12 projects, while Ontario reported 11, and British Columbia nine.
Industrial Reports researches projects in
the United States and Canada for companies
that provide services, materials and
equipment for new and expanding industrial
-Food Process Facilities
-Chemical Process Plants
-Oil & Gas Projects
-Research & Development Laboratories
-Water/Wastewater Treatment Plants
-Solid Waste Facilities
The following are selected projects
researched and reported in March:
$49 Million Water Treatment Plant, Planning Phase
$24 Million Feed Mill, Planning Phase
$3 Million Chemical Recycling Plant Expansion, Planning Phase
$100 Million Pharmaceutical Plant, Starting Planning
$515 Million Natural Gas-Fired Power Plant, Planning Phase
$28 Million Cold Storage Facility, Planning Phase
$44 Million Frozen Foods Process & Distribution Facility, Starting Design
$10 Million Monomers Plant, Starting Design
$1.2 Billion Combined-Cycle Power Plant, Planning Phase
$16.1 Million Polymer Compounds Distribution Facility, Planning Phase
$450 Million Petroleum Refinery, Planning Phase
$75 Million Auto Components Plant, Design Phase
$30 Million Paper Mill Retrofit, Design Phase