The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month — starting in June of this year — are predicting continued growth along with some economic contraction in the month of August.
The numbers, which were compiled the first week of August, show that responding parties anticipate that inquiry levels will be down for August compared to July, but that the value of August bookings will still be more than July. Backlogs are anticipated to shrink where as the overall health of the manufacturing economy is anticipated to accelerate. Please keep in mind that this is only the 3rd month that these numbers have been collected, so it would be unwise to base business decisions on this small selection of data.
The results from this month’s survey (August) are as follows; numbers above 50 indicate growth, numbers below 50 indicate contraction, and the number 50 indicates no change:
- Anticipated change in the Number of Inquiries from July to August: 48.9
- Anticipated change in Value of Bookings from July to August: 52.2
- Anticipated change in Backlog Size from July to August: 49.0
- Anticipated change in the Health of the Manufacturing Economy from July to August: 55.5
Data For August 2023
The four index numbers are reported monthly by Heat Treat Today and made available on the website.
Heat Treat Today’s Economic Indicators measure and report on four, heat treat industry indices. Each month, approximately 800 individuals who classify themselves as suppliers to the North American heat treat industry receive the survey. Below are the results. Data started being collected in June 2023. If you would like to participate in the monthly survey, please click here to subscribe.
