The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month — starting in June of this year — are predicting contraction along
The numbers, which were compiled the first week of December, show that responding parties anticipate inquiry levels will contract significantly shows a drop in expectations for growth and economic contraction being anticipated this month. For the first time in a while, backlogs indicate decisive anticipated growth. The overall health of the manufacturing economy is expected to remain as it was from November. Please keep in mind that this is only the 7th month of data collection, so keep following this study as this bank of information builds.
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 the Number of Inquiries from November to December: 38.4
- Anticipated change in Value of Bookings from November to December: 46.1
- Anticipated change in Backlog Size from November to December: 55.0
- Anticipated change in the Health of the Manufacturing Economy from November to December: 50.0
Data for November 2023
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.
