IH Economic Indicators: All Indices Over 50; Quotes, Orders Up
August 21, 2008
Industrial Heating’s monthly economic indicators for August 2008 showed growth in the thermal-processing industry. All four indices were over 50 for the 16th time in the past 18 months. The change in the number of request for quotes (51.8) and the change in the number of orders (52.0) both increased from July’s figures. August 2008’s index numbers reflect the changes experienced by responding companies as they compare their July 2008 business levels to their June 2008 levels.
- Change in number of request for quotes from June to July – 51.8
- Change in number of orders from June to July – 52.0
- Change in backlog from June to July – 50.7
- Expected change in the health of the thermal-processing industry through Aug. – 52.1