IH Economic Indicators
IH Economic Indicators: Indices Fall from September
Industrial Heating’s monthly economic indicators for October 2019 declined from September 2019, and one indice (change in backlog) failed to show growth. The change in the number of request for quotes, however, was over 53 for the ninth time in 2019. October 2019’s index numbers:
- Change in number of request for quotes from August to September – 53.5
- Change in number of orders from August to September – 52.8
- Change in backlog from August to September – 48.8
- Expected change in the health of the industry through October – 52.4
October 2019’s index numbers reflect the changes experienced by responding companies as they compare their September 2019 business levels to their August 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 November 2019’s Industrial Heating.