Combined U.S. & Canadian Industrial Spending Retreats
RALEIGH, NC –March 1, 2017
Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending fell back in February compared to January. Spending for the two nations totaled $45.46 billion compared to January planned investment of $128.23 billion. The research organization reported 278 planned U.S. and Canadian projects in February.
Planned U.S. project spending cooled down in February with $41.84 billion in planned investment compared to the January total of $114.33 billion. Canadian planned investment also fell to $3.62 billion in February from $14.82 billion in January. Projects in both nations ranged in value from $500,000 to $9.4 billion.
Process projects led U.S. spending with $17.41 billion in planned investment, followed by power and energy projects with $11.08 billion. Manufacturing projects reported $10.01 billion in planned U.S. spending.
In Canada, process projects led all markets with $1.96 billion in planned spending, while power and energy projects accounted for $1.21 billion.
Louisiana led the U.S. with $10.46 billion in planned investment, followed by Texas with $7.57 billion, and Arizona with $7 billion.
Alberta was the Canadian spending leader with $1.23 billion in planned project investment for the month, followed by British Columbia with $954 million and Ontario with $471 million.
Texas was the U.S. project activity leader in February with 22 planned projects, followed by New York with 17, and Pennsylvania with 15.
Alberta and British Columbia were the Canadian project leaders with 10 projects apiece, while Ontario reported seven, and Saskatchewan four..
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 February:
$16 Million Aircraft FBO Expansion, Starting Design
$31 Million Pet Products Distribution Center, Design Phase
$800 Million LNG Export Terminal, Planning Phase
$35 Million Auto Lighting Production Expansion, Design Phase
$1.5 Billion Combined-Cycle Power Plant, Design Phase
$230 Million Peaking Power Plant Expansion, Planning Phase
$34 Million Marine Science Research Lab Expansion, Design Phase
$12.5 Million Industrial Wastewater Treatment Plant, Planning Phase
$24 Million Potato Chip Plant, Planning Phase
$10 Million Grain Terminal, Starting Design
$15 Million Wheel & Tire Assembly Plant, Design Complete
$30 Million Isobutane Dehydrogenation Unit, Planning Phase
$10 Million Light Crude Oil Distillation Plant, Starting Design