IH Economic Indicators: Indices Showing Overall Improvement
Industrial Heating's monthly economic indicators for January 2014 continued to show overall improvement. For the first time since March 2013, and only the second time since July 2012, all four indices were over 48. More importantly, two indices showed growth (change in the number of request for quotes, expected change in the health of the industry). Other good signs were that the change in backlog reached its highest level since April 2013 and the change in RFQs was at its second-highest level in a year. January 2014’s index numbers reflect the changes experienced by responding companies as they compare their December 2013 business levels to their November 2013 levels. January 2014’s index numbers:
- Change in number of request for quotes from Nov. to Dec. – 51.7
- Change in number of orders from Nov. to Dec. – 48.8
- Change in backlog from Nov. to Dec. – 49.4
- Expected change in the health of the industry through Jan. – 50.5
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 February 2014’s Industrial Heating.