Industrial Heating’s monthly economic indicators for June showed growth for the seventh consecutive month, a milestone that hasn’t been reached since June-December 2007. In addition, all four indices were above 52.0 for the fourth straight month. The change in the number of orders experienced a slight increase from May and was at its second-highest level since February 2008. The other three indices, however, experienced a slight decline from May. June’s index numbers:
  • Change in number of request for quotes from April to May – 55.4
  • Change in number of orders from April to May – 55.9
  • Change in backlog from April to May – 52.6
  • Expected change in the health of the industry through June – 53.5
June 2010’s index numbers reflect the changes experienced by responding companies as they compare their May 2010 business levels to their April 2010 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 July’s Industrial Heating.