Industrial Heating’s monthly economic indicators for December 2019 saw two indices fail to show growth. The good news is that the change in the number of request for quotes was over 50, showing growth, for the 40th straight month. The change in the number of orders and the change in backlog, however, were at their lowest levels in over three years. December 2019’s index numbers:
December 2019’s index numbers reflect the changes experienced by responding companies as they compare their November 2019 business levels to their October 2019 levels. A number above 50.0 indicates increased activity or growth. A number below 50.0 indicates decreased activity or a decline in growth. Look for these numbers, along with historical values, in January 2020’s Industrial Heating.