Industrial Heating's monthly economic indicators for August 2004 reported the 13th consecutive month of growth. All four indices showed growth over the July 2004 numbers and all four indices were above 50-the number indicating a growing/improving economy. Especially significant in August was a jump in the Orders index from 52.4 to 58.9, indicating strong growth in order-taking in August.
August 2004 index numbers reflect the changes experienced by responding companies as they compare their August 2004 business levels to July 2004 levels.
August 2004 Index Numbers:
Change in number of Request for Proposals from July to August: 57.2
Change in the Number of Orders from July to August: 58.9
Change in Backlog from July to August: 53.8
Expected change in the Health of Thermal Processing Industry through September: 57.7
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 October 2004 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 IH publisher Doug Glenn at 412-531-3370 or by e-mail: email@example.com.