Industrial Heating’s monthly economic indicators for November 2009 continued to climb, with some numbers reaching their highest levels in over a year. The expected change in the health of the industry was at its highest level in over two years (October 2007), and the change in the number of request for quotes was at its highest level since February 2008. All four indices were up from October, and three indices were over 50, showing growth. November’s index numbers:
  • Change in number of request for quotes from September to October – 58.3
  • Change in number of orders from September to October – 51.7
  • Change in backlog from September to October – 47.4
  • Expected change in the health of the thermal-processing industry through November – 55.0
The change in the number orders reached its highest level in 13 months. The change in backlog, however, remained under 50 for the 14th consecutive month. November 2009’s index numbers reflect the changes experienced by responding companies as they compare their October 2009 business levels to their September 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 December’s Industrial Heating.