IH Economic Indicators: All Four Indices Increase; Three Over 50
Industrial Heating's monthly economic indicators for August 2013 showed tremendous improvement over July’s figures. August marked the first time since July 2012 when all four indices increased from the previous month. It was also the first time since February 2013 when three indices were over 50, showing growth. The change in the number of orders and the expected change in the health of the industry were both at their highest levels since February. August 2013’s index numbers reflect the changes experienced by responding companies as they compare their July 2013 business levels to their June 2013 levels. August 2013’s index numbers:
- Change in number of request for quotes from June to July – 50.2
- Change in number of orders from June to July – 50.7
- Change in backlog from June to July – 46.9
- Expected change in the health of the industry through August – 51.6
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 September 2013’s Industrial Heating.