Industrial Heating’s monthly economic indicators for January were all over 50, showing growth. In fact, all four indices were over 52 for the second consecutive month, the first time that’s happened since October-November 2007. However, all the figures declined from December 2009. The change in the number of RFQs was the highest number at 54.1. January’s index numbers:
  • Change in number of request for quotes from November to December – 54.1
  • Change in number of orders from November to December – 53.2
  • Change in backlog from November to December – 53.2
  • Expected change in the health of the thermal-processing industry through January – 52.3
January 2010’s index numbers reflect the changes experienced by responding companies as they compare their December 2009 business levels to their November 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 February’s Industrial Heating.