IH Economic Indicators: Indices Continue to Climb
May 22, 2009
Industrial Heating’s monthly economic indicators for May 2009 continued to steadily rise. Three of the four indices increased from last month, and the change in the number of request for quotes was at its highest level since June 2008. The three figures (request for quotes, backlog and expected health) also reached their highest levels so far in 2009. The change in the number of orders decreased slightly from April. May 2009’s index numbers reflect the changes experienced by responding companies as they compare their April 2009 business levels to their March 2009 levels.
- Change in number of request for quotes from March to April – 54.5
- Change in number of orders from March to April – 46.6
- Change in backlog from March to April – 42.1
- Expected change in the health of the thermal-processing industry through May – 47.6