Industrial Heating’s monthly economic indicators for April showed growth for the sixth straight month. All four indices were above 53.0 for the third consecutive month, the first time that’s happened since September-November 2007. The change in backlog was at its highest level (56.1) in three years. Three indices, however, experienced a decline from April’s numbers. May’s index numbers:
  • Change in number of request for quotes from March to April – 55.5
  • Change in number of orders from March to April – 55.0
  • Change in backlog from March to April – 56.1
  • Expected change in the health of the industry through May – 53.9
May 2010’s index numbers reflect the changes experienced by responding companies as they compare their April 2010 business levels to their March 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 June’s Industrial Heating.