March 4, 2008
Did you notice Industrial Heating’s monthly economic indicators for January? Similar to the Purchasing Manager’s Index (PMI), these indicators reflect growth in our industry if they are over 50. January’s numbers, which reflect changes from November to December, were below 50 for all four of the measured quantities. Similarly, the PMI for December was also under 50. It did, however, recover to above 50 in January.