CEMA reports 18% increase in booked orders in February
The Conveyor Equipment Manufacturers Association reported that its February 2011 Booked Orders Index was 167. Index in February is up 26 points or 18% from Januaryr’s 2011’s Index of 141 (1990=100). The February 2011 Index represents an increase of 46% from the February 2010 Index of 114.
CEMA’s baseline calculation uses the year 1990 as a comparison. Numbers to the right of the equation show the current state of the conveyor industry as compared to 1990. Figures above 100 indicate growth; while anything less indicates a contraction in the industry.
February Booked Orders Indexes were 246 for Bulk Handling Equipment and 142 for Unit Handling Equipment* (1990=100). Since Bulk Handling Systems booked and billed sales are reported quarterly and are averaged back to the two preceding months, the booked and billed indexes for non-quarter ending months for Bulk Handling Equipment and Category X, total of all categories, are adjusted quarterly.
The Twelve-Month Index for Booked Orders was 141 in February. Index in February represents an increase of 4% from January’2011’s Twelve-Month Index of 136.
The CEMA Billed Sales (shipments) Index was 133 in February. Index in February represents a decrease of 3% from January 2011’s Index of 137. The February 2011 Index represents an increase of 18% from the February 2010 Index of 113.
February Billed Sales Indexes were 232 for Bulk Handling Equipment* and 109 for Unit Handling Equipment*(1990=100).
The Twelve-Month Index for Billed Sales was 134 in February. Index in February represents an increase of 1% from January 2011’s Twelve-Month Index of 132.