Industrial Heating Economic Indicators: RFQs Highest Since September 2006
Industrial Heating’s monthly economic indicators for February 2007 showed 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 55.2, the highest it has been since September 2006. February 2007’s index numbers reflect the changes experienced by responding companies as they compare their January 2007 business levels to their December 2006 levels.
- Change in number of request for quotes from December to January – 55.2
- Change in number of orders from December to January – 53.4
- Change in backlog from December to January – 54.3
- Expected change in the health of the thermal-processing industry through February – 54.9
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 March 2007 issue of Industrial Heating.