IH Economic Indicators
IH Economic Indicators: Indices Drop; Two Under 50
Industrial Heating’s monthly economic indicators for July 2019 all declined from last month, and two failed to show growth for the first time this year. The change in the number or orders and the change in backlog both were under 50. This was the first time since December 2018 that all four indices were not at or over 50. July 2019’s index numbers:
- Change in number of request for quotes from May to June – 51.1
- Change in number of orders from May to June – 49.2
- Change in backlog from May to June – 48.2
- Expected change in the health of the industry through July – 53.1
July 2019’s index numbers reflect the changes experienced by responding companies as they compare their June 2019 business levels to their May 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 August 2019’s Industrial Heating.