IH Economic Indicators: Numbers Decline, Still Show Growth
Industrial Heating’s monthly economic indicators for November 2017 dropped from October, but all indices remained over 50 for the 12th consecutive month. The change in the number of request for quotes was over 56 for the fourth month in a row. Meanwhile, the expected change in the health of the industry has shown growth every month since June 2016. November 2017’s index numbers:
- Change in number of request for quotes from Sept. to Oct. – 56.4
- Change in number of orders from Sept. to Oct. – 54.7
- Change in backlog from Sept. to Oct. – 53.3
- Expected change in the health of the industry through Nov. – 51.5
November 2017’s index numbers reflect the changes experienced by responding companies as they compare their October 2017 business levels to their September 2017 levels. 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 December 2017’s Industrial Heating.