IH Economic Indicators: RFQs Highest in 16 Months
June 22, 2007
Industrial Heating’s monthly economic indicators for June 2007 showed continued growth in the thermal-processing industry. All four indices measured by Industrial Heating were well above 50.0, the index number indicating growth. The change in the number of request for quotes (RFQs) was the highest it has been since February 2006. RFQs (59.9), the change in the number of orders (58.7) and the change in backlog (58.2) were all over 58.0 for the first time since April 2006. All four indices were over 55.0 for the second month in a row. June 2007’s index numbers reflect the changes experienced by responding companies as they compare their May 2007 business levels to their April 2007 levels.
- Change in number of request for quotes from April to May – 59.9
- Change in number of orders from April to May – 58.7
- Change in backlog from April to May – 58.2
- Expected change in the health of the thermal-processing industry through June – 56.3