Industrial Heating's Economic Indicators: RFQs Continue to Soar
Industrial Heating’s monthly economic indicators for March 2007 showed continued growth in the thermal-processing industry. All four indices measured by Industrial Heating were above 50.0, the index number indicating growth. The change in the number of requests for quotes was at 58.4, the highest it has been since April 2006. March 2007’s index numbers reflect the changes experienced by responding companies as they compare their February 2007 business levels to their January 2007 levels.
- Change in number of request for quotes from January to February – 58.4
- Change in number of orders from January to February – 52.3
- Change in backlog from January to February – 53.4
- Expected change in the health of the thermal-processing industry through March – 56.2