The Industrial Heating Equipment Association’s (IHEA) monthly report for July showed very strong industrial activities.
Among the winners were durable goods orders, industrial capacity utilization, factory orders, and capital expenditures. New automobile and light truck sales were also up.
There were, however, some downward moves. Most notably: housing starts took a huge dip, while steel consumption and metal prices both took a dip.
Several indices — the transportation activity index, the purchasing managers index, as well as the credit movement index — were all well above 50, showing continued growth even though several of them revealed minor signs of weakening.
A more complete explanation of each index is provided in the full report which is published monthly by IHEA for member companies.
If you’d like to receive a full copy of this 12-page report, contact Anne Goyer, Executive Director of IHEA by clicking here.
