Economic Indicators: Indices Remain Under 50
Industrial Heating's monthly economic indicators for July 2013 failed to show growth for the fourth month in a row. The only indicator to experience an increase from June was the change in the number of orders, which jumped to 46.6 from 44.2. The change in backlog (43.1) and the expected change in the health of the industry (43.9) were both at their lowest levels this year. July 2013’s index numbers reflect the changes experienced by responding companies as they compare their June 2013 business levels to their May 2013 levels. July 2013’s index numbers:
- Change in number of request for quotes from May to June – 45.4
- Change in number of orders from May to June – 46.6
- Change in backlog from May to June – 43.1
- Expected change in the health of the industry through July – 43.9
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 August 2013’s Industrial Heating.