The Economic Indicators have been on the rise for the last several months, and February is no exception. The highest since February 2006, this month’s numbers show promise for the industry. A number over 50 indicates increased activity or growth. Conversely, a number below 50 means less activity or growth. All numbers were over 50, and the change in number of request for quotes from December to January surpassed 60. February’s index numbers are below.
- Change in number of request for quotes from Dec. to Jan. – 60.6
- Change in number of orders from Dec. to Jan. – 59.5
- Change in backlog from Dec. to Jan. – 54.8
- Expected change in the health of the industry through Feb. – 59.7
For more information, check out Industrial Heating.