The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. All four economic indicators reflect anticipated growth as the industry enters a new year.
The indicators, which were compiled in the first week of January, show that suppliers expect the economy to continue to experience growth throughout the month across all indices. In particular, while the numbers in all four categories remain above 50 for the third month in a row, suppliers to the North American heat treat industry continue to anticipate increased growth over previous months in number of inquiries. Overall, an encouraging run of three months of expected growth.
The results from this month’s survey (January) 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 December to January: 67.0
- Anticipated change in Value of Bookings from December to January: 62.0
- Anticipated change in Size of Backlog from December to January: 56.7
- Anticipated change in Health of the Manufacturing Economy from December to January: 58.7
Data for January 2025
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.
