Heat Treat Today is releasing its second month of economic indicator numbers for four (4) separate heat treat industry specific indices. Data is gathered on a monthly basis from industry suppliers and is forward-looking.
The results from this month’s survey (July) 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 June to July: 58.8
- Anticipated change in Value of Bookings from June to July: 55.0
- Anticipated change in Backlog Size from June to July: 51.3
- Anticipated change in the Health of the Manufacturing Economy from June to July: 48.3
July results compare activity in June with anticipated activity in July. All four indices continue to be relatively high with the exception of the Health of the Manufacturing Economy index which dipped below 50, indicating expected contraction. The results show that suppliers responding to the survey anticipated that July will be more robust than June. Keep in mind that there are only two data points for each index, so trend lines are relatively meaningless at this early stage in the life of these indicators.
Data For July 2023
The four index numbers will be reported monthly by Heat Treat Today and will be made available on our website.
The questionnaire is sent out monthly to over 800 heat treat industry suppliers. If you are interested in receiving the monthly questionnaire and results, please subscribe by clicking here.
