IH Economic Indicators

IH Economic Indicators: Indices Show Growth for Third Straight Month

 

Economic Indicators Ap;ril Issue 2019

 

Industrial Heating’s monthly economic indicators for March 2019 were all over 50, showing growth, for the third straight month. Three out of four indices were over 55. The change in the number of request for quotes showed growth for the 31st month in a row. March 2019’s index numbers:

  • Change in number of request for quotes from Jan. to Feb. – 57.0
  • Change in number of orders from Jan. to Feb. – 55.1
  • Change in backlog from Jan. to Feb. – 50.7
  • Expected change in the health of the industry through March – 56.8

March 2019’s index numbers reflect the changes experienced by responding companies as they compare their February 2019 business levels to their January 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 April 2019’s Industrial Heating..

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