North American Project Spending Index Lands in Negative Territory for 10th Consecutive Month, Refining Spending Shines
Industry Segment: Petroleum Refining | Word Count: 754 Words
Attachment: B, A, C
SUGAR LAND December 30, 2020 Researched by Industrial Info Resources (Sugar Land, Texas) November was not a good month for personal income in the U.S., which fell $221.8 billion (1.1%) from the previous month, while personal consumption expenditures decreased $63.3 billion (0.4%), according to the U.S. Bureau of Economic Analysis. Likewise, last month was not good for industrial project spending.
Industrial Info s North American Industrial Project Spending Index remained in negative territory for the 10th consecutive month in November, falling 21.4% from the same period a year earlier.