IH Economic Indicators: Three Indices Drop, but Three Remain Over 50
Industrial Heating’s monthly economic indicators for June 2014 experienced an overall decline from May, but three indices continued to show growth. The change in the number of orders, change in backlog and expected change in the health of the industry were all over 50. The expected change in the health of the industry actually increased from May’s figure. June was the third straight month the change in backlog showed growth. June 2014’s index numbers reflect the changes experienced by responding companies as they compare their May 2014 business levels to their April 2014 levels. June 2014’s index numbers:
- Change in number of request for quotes from April to May – 49.6
- Change in number of orders from April to May – 54.1
- Change in backlog from April to May – 52.4
- Expected change in the health of the industry through June – 53.1
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 July 2014’s Industrial Heating.