IH Economic Indicators
IH Economic Indicators: Indices Drop; Two Under 50
IH Economic Indicators: All Indices Up from July
Industrial Heating’s monthly economic indicators for August 2019 increased from last month, but one still failed to show growth. The change in the number of request for quotes, change in the number of orders and expected change in the health of the industry were all over 50. August 2019’s index numbers:
- Change in number of request for quotes from June to July – 54.9
- Change in number of orders from June to July – 53.1
- Change in backlog from June to July – 48.6
- Expected change in the health of the industry through August – 53.6
August 2019’s index numbers reflect the changes experienced by responding companies as they compare their July 2019 business levels to their June 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 September 2019’s Industrial Heating.