The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Last month, suppliers were split between anticipated growth and no change or contraction. This month, the four economic indicators are all reflecting anticipated contraction.
The numbers, which were compiled in the first week of October, show that responding parties expect the economy to experience contraction in all the four indices. In three of the four, the numbers change by more than 5 points from growth or no change to contraction. For anticipated health of the manufacturing economy, suppliers anticipate contraction, although in an improved range.
The results from this month’s survey (October) are as follows; numbers above 50 indicate growth, numbers below 50 indicate contraction, and the number 50 indicates no change:
- Anticipated change in Number of Inquiries from September to October: 44.6
- Anticipated change in Value of Bookings from September to October: 44.8
- Anticipated change in Size of Backlog from September to October: 42.9
- Anticipated change in Health of the Manufacturing Economy from September to October: 43.8
Data for October 2024
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. Above 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.
