IH Economic Indicators

IH Economic Indicators: Five Straight Months of Growth

 

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Industrial Heating’s monthly economic indicators for May 2019 were all over 50, showing growth for the fifth month in a row. While the expected change in the health of the industry increased, the other three indices decreased from April. May 2019’s index numbers:

  • Change in number of request for quotes from March to April – 54.1
  • Change in number of orders from March to April – 51.7
  • Change in backlog from March to April – 50.9
  • Expected change in the health of the industry through May – 57.1

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

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