Industrial Heating Economic Indicators: Orders and RFQs See Substantial Jumps
March 22, 2005
Industrial Heating's monthly economic indicators reported their 19th consecutive month of economic growth in the thermal processing industries. Especially strong increases were experienced in both the RFQ and Orders indices. With this 19th consecutive month of growth, the future outlook is also strong with the Future Health of the Thermal Processing Industry coming in at a strong 56.2 for the second month in a row. February 2005 index numbers reflect the changes experienced by responding companies as they compare their February 2005 business levels to January 2005 levels. February 2005 Index Numbers: Change in number of Request for Proposals from January to February: 63.2 Change in the Number of Orders from January to February: 58.3 Change in Backlog from January to February: 56.2 Expected change in the Health of Thermal Processing Industry through March: 59.4 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 April 2005 issue. 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.