Overall project spending has been roiled by the economic fallout from the COVID-19 pandemic and other factors. As of Thursday, Industrial Info was tracking $267 billion worth of project activity that has been affected by the coronavirus in North America, ranging from delays to cancellations. For January, the spending index totaled $704.15 billion, up 2.7% from $685.61 »

Japanese industrial giant Hitachi has followed through on previous warnings that it would abandon the £20 billion ($27.3 billion) Wylfa Newydd nuclear power plant in the U.K. by officially withdrawing its planning application. Horizon Nuclear Power, the Hitachi-owned company which was overseeing development, wrote to the U.K.'s Department for Business, Energy and Industrial Strategy to pull »

Economic activity in the U.S. manufacturing sector grew at a slower pace in January compared with December, largely due to an increase in COVID-19 cases that caused labor shortages for manufacturers and their suppliers, according to the Institute for Supply Management's (ISM) (Tempe, Arizona) Report on Business. Industrial Info is tracking more than $25 billion in high- and medium-probability »

Project spending by the Industrial Manufacturing Industry took a dip in 2020 as the COVID-19 pandemic hit, but remained relatively robust and is only expected to increase in the next two years, according to David Pickering, Industrial Info's vice of president of research for the industry. About $25 billion of spending was delayed in early 2020 as coronavirus hit North »

The COVID-19 pandemic continues to weigh on the Metals & Minerals Industry, but steel producers are benefiting from growing demand for materials used in cars, appliances and machinery, according to the American Iron and Steel Institute. With its capacity utilization improving from 51% in May 2020 to more than 73% just recently, the steel sector no doubt will look to »