Industrial Heating’s monthly economic indicators for October 2009 remained positive. Three indices were at or over 50, showing growth, and two indices improved from September. The expected change in the health of the industry reached its second-highest mark since July 2008 at 52.5. The change in the number of RFQs also jumped slightly from September. The change in backlog, however, declined to 43.6, its lowest mark since July 2009. October 2009's index numbers:
  • Change in number of request for quotes from August to September – 52.8
  • Change in number of orders from August to September – 50.0
  • Change in backlog from August to September – 43.6
  • Expected change in the health of the thermal-processing industry through October – 52.5
October 2009’s index numbers reflect the changes experienced by responding companies as they compare their September 2009 business levels to their August 2009 levels. A number above 50.0 indicates increased activity or growth. A number below 50.0 indicates decreased activity or a decline in growth. Look for these numbers, along with historical values, in November’s Industrial Heating.