IH Economic Indicators: All Four Numbers Up From February
March 21, 2011
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Industrial Heating's monthly economic indicators for March 2011 showed growth for the fourth consecutive month. More importantly, all four indices increased from February. The change in the number of request for quotes was at its highest level (57.5) since last March. The change in backlog was over 50 for the 15th time in the past 16th months. March’s index numbers:
- Change in number of request for quotes from January to February – 57.5
- Change in number of orders from January to February – 53.4
- Change in backlog from January to February – 51.4
- Expected change in the health of the industry through March – 51.9