IH Economic Indicators: Growth Streak Sets Record
Industrial Heating’s monthly economic indicators for November 2018 remained over 50 for the 24th straight month. This breaks the streak of 23 months of growth from December 2004-October 2006, which was the longest such stretch since the study began over 16 years ago in April 2002. November 2018’s index numbers:
- Change in number of request for quotes from Sept. to Oct. – 59.4
- Change in number of orders from Sept. to Oct. – 54.9
- Change in backlog from Sept. to Oct. – 51.8
- Expected change in the health of the industry through Nov. – 55.4
November 2018’s index numbers reflect the changes experienced by responding companies as they compare their October 2018 business levels to their September 2018 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 January 2019’s Industrial Heating.