Industrial Heating Economic Indicators Continue Strong
March 18, 2004
Industrial Heating's monthly Economic Indicators showed positive growth once again in February. All four of the monthly indicators remained above 50. Quoting activity remained strong, as did orders and backlogs. According to responding companies, the economic growth should continue through March. The February numbers are the seventh month in a row where all four indices recorded levels of 50 or higher. February 2004 index numbers reflect the changes experienced by responding companies as they compare their February 2004 business levels to January 2004 levels. Change in number of Request for Proposals from January to February is 56.0, change in the Number of Orders from January to February is 53.5, change in Backlog from January to February is 52.3 and expected change in the Health of Thermal Processing Industry through March is 56.2. 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 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 Industrial Heating publisher, Doug Glenn at 412-531-3370 or by e-mail: firstname.lastname@example.org.