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IH Economic Indicators: Indices Fall Under 50

August 24, 2012
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Industrial Heating's monthly economic indicators for August 2012 failed to show any growth for the first time since October 2011. The change in the number of orders, change in backlog and expected change in the health of the industry were just under 50. August 2012’s index numbers reflect the changes experienced by responding companies as they compare their July 2012 business levels to their June 2012 levels. A number above 50.0 indicates increased activity or growth. A number below 50.0 indicates decreased activity or a decline in growth. August 2012’s numbers:                                                 
  • Change in number of request for quotes from June to July – 47.0
  • Change in number of orders from June to July – 49.4
  • Change in backlog from June to July – 49.5
  • Expected change in the health of the industry through August – 49.0

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