IH Economic Indicators: All Indices Over 52 for Tenth Straight Month
Industrial Heating’s monthly economic indicators for November 2007 showed continued growth in the thermal-processing industry. All four indices were above 52.0 for the 10th consecutive month, and the change in the number of orders was at its highest since June. November 2007’s index numbers reflect the changes experienced by responding companies as they compare their October 2007 business levels to their September 2007 levels.
- Change in number of request for quotes from September to October – 53.3
- Change in number of orders from September to October – 56.4
- Change in backlog from September to October – 55.8
- Expected change in the health of the thermal-processing industry through Nov. – 54.1