The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Thus far in 2024, the economic indicators have shown that suppliers to the heat treat industry have expected growth across all four indicators. However this month, suppliers are reporting that they expect one indicator to contract in June, as compared to May.
The numbers, which were compiled in the first week of June, show that responding parties strongly anticipate number of inquiries, value of bookings, and health of manufacturing economy — to grow as compared to the previous month (May). This expectation for growth continues to be rather limited with positive expectations falling just above the “neutral” x-axis, indicated by the number “50.” The size of backlog indicator stands out this month as being the first indicator suppliers anticipate contraction since the December 2023 indicators report.
The results from this month’s survey (June) 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 May to June: 57.7
- Anticipated change in Value of Bookings from May to June: 54.0
- Anticipated change in Backlog Size from May to June: 46.3
- Anticipated change in the Health of the Manufacturing Economy from May to June: 52.9
Data for June 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.
