Economic Indicators: Two Indices Increase, Two Drop from May
Industrial Heating's monthly economic indicators for June 2013 failed to show growth for the third month in a row. Two indices experienced an increase from last month (backlog and expected change in the health of the industry), while two indices decreased (request for quotes, number of orders). June 2013’s index numbers reflect the changes experienced by responding companies as they compare their May 2013 business levels to their April 2013 levels. June’s numbers:
- Change in number of request for quotes from April to May – 47.8
- Change in number of orders from April to May – 44.2
- Change in backlog from April to May – 48.6
- Expected change in the health of the industry through June – 47.2
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 2013’s Industrial Heating.