SUGAR LAND, TX -- (MARKET WIRE) -- 08/01/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- The level of spending in the United States'Southwest market region is often used as a barometer for the health ofindustrial spending elsewhere in North America. The region consists ofTexas, Arkansas, Oklahoma and Louisiana and is home to the country's mostconcentrated number of oil, gas, refining and chemical industries,employing more than 84,000 people. Based on capital and maintenance projectspending identified in Industrial Info's North American Project Database,the region is on track to realize investments totaling an estimated $48billion this year. This is after accounting for a nearly 24% projectfallout, consisting of projects that have been canceled or indefinitely puton hold. At the same time last year, the region was experiencing a projectfallout level of nearly 31%.For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=136289, or browseother breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information servicespecializing in industrial process, energy and financial related marketswith products and services ranging from industry news, analytics,forecasting, plant and project databases, as well as multimedia services.For more information send inquiries toindustrialmanufacturing@industrialinfo.com or visit us online atwww.industrialinfo.com.
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