IH Economic Indicators: Indices Continue to Fall
January 21, 2009
Industrial Heating’s monthly economic indicators for January 2009 failed to show growth in the thermal-processing industry. All four indices declined from December 2008’s numbers and were at their lowest levels since April 2002, when the study began. All indicators were under 36. January 2009’s index numbers reflect the changes experienced by responding companies as they compare their December 2008 business levels to their November 2008 levels.
- Change in number of request for quotes from November to December – 35.8
- Change in number of orders from November to December – 34.9
- Change in backlog from November to December – 35.4
- Expected change in the health of the thermal-processing industry through Jan. – 35.0