Industrial Heating Economic Indicators-Orders, RFQs, Backlogs Continue to Grow
January 15, 2004
Industrial Heating's Economic Indicators for December showed the 5th consecutive month of economic growth in the thermal processing industry. Orders continued to increase, as did Backlogs and the number of Request for Quotes. Survey respondents also indicated that they anticipated a strong January 2004. December 2003 index numbers reflect the changes experienced by responding companies as they compare their December 2003 business levels to November 2003 levels. Change in number of Request for Proposals from November to December: 54.4; Change in the Number of Orders from November to December: 58.2; Change in Backlog from November to December: 57.2; Expected change in the Health of Thermal Processing Industry through January: 59.0. 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 February issue of Industrial Heating. Roughly 375 industry suppliers are faxed a 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 Doug Glenn, publisher, at 412-531-3370 or email@example.com.