For 15 months in a row, Industrial Heating’s monthly economic indicators have been over 50. All four index numbers were over 56, the highest levels since March 2017.
February 2018 Index Numbers:
- Change in number of request for quotes from Dec. to Jan.: +60.5
- Change in number of orders from Dec. to Jan.: +56.2
- Change in backlog from Dec. to Jan.: +57.2
- Expected change in the health of the industry through Feb.: +60.5
What do the numbers mean?
Index numbers reflect the changes that occur when experienced companies compare their January 2018 business levels to their December 2017 levels. A number over 50 means increased activity or growth. Conversely, a number below 50 means less activity or growth.
As a supplier of vacuum and pressure seal fittings and feedthroughs, as well as temperature sensors compliant with AMS 2750E standards used in the furnacing and heat treating industries, we’re encouraged by the latest economic indicators.
For more information, visit Industrial Heating.