The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. For the second month in a row, all four economic indicators reflect anticipated growth.
The indicators, which were compiled in the first week of December, show that suppliers expect the economy to experience growth throughout the month of December across all indices. This is the first month since March 2024 that the numbers in all four categories rose above 60, anticipating wide-scale improvements across the entire North American heat treat economy. In particular, the numbers increased by 6.5 and 7.5 points in the value of bookings and the size of backlog, respectively.
The results from this month’s survey (December) 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 November to December: 65.0
- Anticipated change in Value of Bookings from November to December: 62.5
- Anticipated change in Size of Backlog from November to December: 65.0
- Anticipated change in Health of the Manufacturing Economy from November to December: 61.3
Data for December 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.
