IH Economic Indicators - All Four Indices over 54, Three Go Up
September 21, 2007
Industrial Heating’s monthly economic indicators for September 2007 showed continued growth in the thermal-processing industry. All four indices were over 54.0, and three indices increased from last month. In addition, all four indices were above 52.0 for the eighth consecutive month. The expected change in the health of the thermal-processing industry was at 56.8 for the second straight month, which is the highest it has been since April 2006. September 2007’s index numbers reflect the changes experienced by responding companies as they compare their August 2007 business levels to their July 2007 levels.
- Change in number of request for quotes from July to August – 54.9
- Change in number of orders from July to August – 56.1
- Change in backlog from July to August – 54.2
- Expected change in the health of the thermal-processing industry through Sept. – 56.8