IH Economic Indicators: All Four Indices Increase, RFQs Show Growth
April 20, 2009
Industrial Heating’s monthly economic indicators for April 2009 were at their highest levels, on average, since November 2008. All four indices increased from March’s figures, and the change in the number of request for quotes was at 53.2, its highest in 10 months and the first time any indice has shown growth since September 2008. All figures reached their highest levels so far in 2009. April 2009’s index numbers reflect the changes experienced by responding companies as they compare their March 2009 business levels to their February 2009 levels.
- Change in number of request for quotes from February to March – 53.2
- Change in number of orders from February to March – 46.8
- Change in backlog from February to March – 39.4
- Expected change in the health of the thermal-processing industry through April – 43.4