Industrial Heating Economic Indicators: Growth Continues in July
August 17, 2005
Industrial Heating's monthly economic indicators for July 2005 grew for the 25th straight month. All four economic indicators were above the 50-point mark, which denotes growth. The Orders Index reported a slight increase while the other three indices fell slightly. Overall, the thermal processing industry has seen steady growth of the past 25 months. July 2005 index numbers reflect the changes experienced by responding companies as they compare their July 2005 business levels to June 2005 levels. July 2005 Index Numbers: Change in number of Request for Proposals from June to July: 53.8 Change in the Number of Orders from June to July: 52.2 Change in Backlog from June to July: 52.4 Expected change in the Health of Thermal Processing Industry through July: 54.6 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 September 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.