IH Economic Indicators: All Four Indices Under 50
January 21, 2008
Industrial Heating’s monthly economic indicators for January 2008 failed to show growth in the thermal-processing industry. All four indices were under 50 for the first time since August 2003. January 2008’s index numbers reflect the changes experienced by responding companies as they compare their December 2007 business levels to their November 2007 levels.
- Change in number of request for quotes from November to December – 48.9
- Change in number of orders from November to December – 48.6
- Change in backlog from November to December – 47.4
- Expected change in the health of the thermal-processing industry through Jan. – 49.3