IH Economic Indicators: All Indices Show Growth
Industrial Heating’s monthly economic indicators for February 2014 all showed growth for the first time since July 2012. All four indices were at their highest levels since early to mid-2012, and all four were over 54 for the first time since in almost two years (March 2012). February 2014’s index numbers reflect the changes experienced by responding companies as they compare their January 2014 business levels to their December 2013 levels. February 2014’s index numbers:
- Change in number of request for quotes from Dec. to Jan. – 58.2
- Change in number of orders from Dec. to Jan. – 58.4
- Change in backlog from Dec. to Jan. – 55.0
- Expected change in the health of the industry through Feb. – 54.2
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 March 2014’s Industrial Heating.