Industrial Heating Economic Indicators: December Orders Continue to Increase
January 24, 2005
Industrial Heating's Economic Indicators show that the thermal processing industry continues a 17-month growth pattern. Since August 2003, all indicators have shown growth with the exception of one month. The outlook for future months continues to look positive. The Expected Change in the Health of the Thermal Processing Industry index, which asks respondents to look ahead 30 days, recorded its highest number in four months. December 2004 index numbers reflect the changes experienced by responding companies as they compare their December 2004 business levels to November 2004 levels. December 2004 Index Numbers: Change in number of Request for Proposals from November to December: 54.5 Change in the Number of Orders from November to December: 53.2 Change in Backlog from November to December: 51.2 Expected Change in the Health of Thermal Processing Industry through January: 56.1 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: 412-306-4351 or by e-mail: firstname.lastname@example.org. These results will be published on the editorial page of the February 2005 issue of Industrial Heating.