Industrial Heating Economic Indicators: Growth Rates Slowing
November 18, 2004
Industrial Heating's monthly economic indicators for October 2004 showed a decrease in the number of orders received. The Orders Index slipped to 49.4 in October, showing that fewer orders were received in October than in September. Backlogs continued in the positive range as did the RFQ Index. In spite of the slip in the Orders Index, the future looks strong according to respondents. The only forward-looking index, the Health of Thermal Processing Industry Index, registered the highest reading of the month at 55. October 2004 index numbers reflect the changes experienced by responding companies as they compare their October 2004 business levels to September 2004 levels. October 2004 Index Numbers Change in number of Request for Proposals from September to October: 52.3 Change in Number of Orders from September to October: 49.4 Change in Backlog from September to October: 51.2 Expected change in the Health of Thermal Processing Industry through November: 55.0 A number above 50.0 indicates increased activity or growth. A number below 50.0 indicates decreased activity or 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 are also published monthly on the editorial page of Industrial Heating. The results reported above will appear in the December 2004 issue.