Industrial Heating Economic Indicators: Three Consecutive Years of Growth
Industrial Heating's monthly economic indicators for August 2006 showed continued growth in the thermal processing industry. August is the 36th straight month of economic growth as measured by Industrial Heating's indicators. Since August 2003, all four indices measured by Industrial Heating have been above 50.0, the index number indicating growth. All four indices, however, declined from July 2006.
August 2006's index numbers reflect the changes experienced by responding companies as they compare their July 2006 business levels to their June 2006 levels. August 2006 index numbers:
- Change in number of request for proposals from June to July - 51.1
- Change in number of orders from June to July - 53.0
- Change in backlog from June to July - 51.6
- Expected change in the health of the thermal processing industry through August - 53.1
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 in the August 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 at 412-306-4351 or by e-mail at email@example.com. These results are also published monthly on the editorial page.
The next survey will be e-mailed the week of Sept. 11th. Please watch for it via e-mail and please participate.