The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Last month, suppliers expected the economy to experience contraction in all four indices. This month, for the first time since May 2024, all four economic indicators are reflecting anticipated growth.
The numbers, which were compiled in the first week of November, show that responding parties expect the economy to experience growth in all four indices. In three of the four, the numbers change by more than 12 points over the past month from contraction to growth. For number of inquiries, the results from the polling increase by over 19 points, and on the other end of the indices, suppliers anticipate growth in the health of the manufacturing economy by 9 points.
The results from this month’s survey (November) 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 October to November: 64.0
- Anticipated change in Value of Bookings from October to November: 56.0
- Anticipated change in Size of Backlog from October to November: 57.5
- Anticipated change in Health of the Manufacturing Economy from October to November: 56.5
Data for November 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.
