Industrial Heating’s monthly economic indicators for June 2016 rebounded in a big way from May. All four numbers improved from last month and three of four showed growth. The one number that did not show growth, change in backlog, was at its highest level since September 2015. June 2016’s index numbers reflect the changes experienced by responding companies as they compare their May 2016 business levels to their April 2016 levels. June 2016’s index numbers:
- Change in number of request for quotes from April to May – 51.7
- Change in number of orders from April to May – 51.2
- Change in backlog from April to May – 49.8
- Expected change in the health of the industry through June – 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 July 2016’s Industrial Heating.