Industrial Heating Economic Indicators: 12th Consecutive Month of Growth
August 24, 2004
Industrial Heating's monthly economic indicators for July 2004 reported their 12th consecutive month of growth. Especially strong was the expected growth in the economy over the next 30 days. This forward-looking index, "Health of Thermal Processing Industry," indicated that most of the respondents anticipate August will be a good month as well. All four indices showed positive growth in July. July 2004 index numbers reflect the changes experienced by responding companies as they compare their July 2004 business levels to June 2004 levels. Change in number of Request for Proposals from June to July is 53.1, change in the Number of Orders from June to July is 52.4, change in Backlog from June to July is 52.3 and expected change in the Health of Thermal Processing Industry through August is 57.2. 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, on the editorial page of the next issue of Industrial Heating. Roughly 1,200 industry suppliers are contacted via e-mail to participate in a web-based survey 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 by phone: 412-531-3370 or by e-mail: email@example.com.