IH Economic Indicators: All Indices Show Growth, Remain Over 50
September 26, 2008
Industrial Heating’s monthly economic indicators for September 2008 continued to show growth in the thermal-processing industry. All four indices were over 50 for the second straight month and the 17th time in the past 19 months. The expected change in the health of the thermal-processing industry increased slightly from August and was the highest figure at 52.2. September 2008’s index numbers reflect the changes experienced by responding companies as they compare their August 2008 business levels to their July 2008 levels.
- Change in number of request for quotes from July to August – 50.5
- Change in number of orders from July to August – 51.8
- Change in backlog from July to August – 50.7
- Expected change in the health of the thermal-processing industry through Sept. – 52.2