The four heat treat industry-specific economic indicators, gathered by Heat Treat Today each month since June 2023, indicate high expectations for economic growth on all four heat treat industry indices as we look ahead to March. Read on to see which indices are hitting above last month’s growth expectations and which one is lower in growth compared to February’s expectations.
The numbers, which were compiled in the second week of March, show that responding parties strongly anticipate all four indices — number of inquiry, value of bookings, size of backlogs, and health of manufacturing economy — to grow. Interesting, the number of inquiries is a bit down, as compared to last month, but suppliers are still expecting growth, more so than any previous month, with the exception of February.
The results from this month’s survey (March) 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 February to March: 64.0
- Anticipated change in Value of Bookings from February to March: 68.4
- Anticipated change in Backlog Size from February to March: 70.0
- Anticipated change in the Health of the Manufacturing Economy from February to March: 61.7
Data for March 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.
