IH Economic Indicators: Indices Continue Downward Trajectory
Industrial Heating’s monthly economic indicators for June 2015 saw three indices decline from May, with none showing growth. The change in backlog did increase from last month. June 2015’s index numbers reflect the changes experienced by responding companies as they compare their May 2015 business levels to their April 2015 levels. June 2015’s index numbers:
- Change in number of request for quotes from April to May – 45.7
- Change in number of orders from April to May – 47.5
- Change in backlog from April to May – 47.8
- Expected change in the health of the industry through June – 47.0
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 July 2015’s Industrial Heating.