Industrial Heating Economic Indicators--April Weaker; Outlook Positive
May 15, 2003
Industrial Heating Economic Indicators for April showed a decrease in Orders, Request for Quotations and Backlogs--all lower from March. While April reported to be slower than March, the outlook for May looked positive indicating that optimism remains for an economic upturn. April 2003 index numbers indicate the changes experienced by responding companies from March 2003 to April 2003. Change in number of Request for Proposals from March to April: 49.8; Change in the Number of Orders from March to April: 44.7; Change in Backlog from March to April: 48.6; and Expected Change in the Health of the Thermal Processing Industry through May: 53.4. 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 next issue of Industrial Heating. Roughly 375 industry suppliers are surveyed 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 at 412-531-3370 or by e-mail email@example.com.