Industrial Heating Economic Indicators - Indicators Continue to Slip in December
Industrial Heating magazine's monthly Economic Indicators for January showed continued declines in all four indices. RFQ's, Orders, Backlogs, and General Health of the Economy all fell below an index rating for 50 which shows a decline or decrease in activity in each respective area. January index numbers, released today (January 20, 2003), reflect the changes experienced by responding companies from November 2002 to December 2002. Request for Proposal Index decreased from 49.0 in December to 47.0 in January. Number of Orders Index stayed below 50.0 moving from 47.5 in December to 49.5 in January. Size of Backlog Index fell from 49.2 in December to 48.0 in January. General Health of the Thermal Processing Industry Index dropped below 50 from 50.1 in December to 48.5 in January. A number above 50.0 indicates increased activity or growth. Roughly 375 industry suppliers are surveyed the first full week of each month. If you are an industry supplier and would like to participate in this monthly survey, please contact Industrial Heating Publisher Doug Glenn at 412-531-3370 or by e-mail firstname.lastname@example.org. These results are also published monthly on the editorial page of Industrial Heating.