Industrial Heating's monthly economic indicators for May 2011 showed growth for the sixth consecutive month. Three indices remained at or over 52 for the second consecutive month, a feat that hasn’t been accomplished since June-July 2010. All four indices, however, decreased from last month. The change in the number of request for quotes showed growth for the eighth straight month and for the 22nd time in the past 23 months. May’s numbers:
  • Change in number of request for quotes from March to April – 52.3
  • Change in number of orders from March to April – 51.0
  • Change in backlog from March to April – 52.3
  • Expected change in the health of the industry through May – 52.0
May 2011’s index numbers reflect the changes experienced by responding companies as they compare their April 2011 business levels to their March 2011 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.