IH Economic Indicators: Mostly Positive News
Industrial Heating’s monthly economic indicators for April 2014 offered mostly positive results. Three of the four indices showed growth, but two numbers dropped from March. The change in the number of request for quotes showed growth for the fifth straight month, and the change in backlog (at its second-highest level in 12 months) and expected change in the health of the industry were both over 50. April 2014’s index numbers reflect the changes experienced by responding companies as they compare their March 2014 business levels to their February 2014 levels. April 2014’s index numbers:
- Change in number of request for quotes from Feb. to March – 50.2
- Change in number of orders from Feb. to March – 49.2
- Change in backlog from Feb. to March – 50.2
- Expected change in the health of the industry through April – 51.1
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 May 2014’s Industrial Heating.