IH Economic Indicators: Two Indices Up, Show Growth
Industrial Heating’s monthly economic indicators for August 2014 showed mix results. Two indices improved from July and were over 50, showing growth (change in orders, expected change in health of the industry). The other two indices (change in RFQs, change in backlog), however, dropped from July and failed to show growth. August 2014’s index numbers reflect the changes experienced by responding companies as they compare their July 2014 business levels to their June 2014 levels. August 2014’s index numbers:
- Change in number of request for quotes from June to July – 47.9
- Change in number of orders from June to July – 52.3
- Change in backlog from June to July – 48.5
- Expected change in the health of the industry through August – 50.0
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 2014’s Industrial Heating.