The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month --- starting in June of this year --- are predicting continued growth along with some economic contraction in the month of October.
The numbers, which were compiled the first week of October, show that responding parties anticipate inquiry levels will turn the corner and be up for October as compared to September and that the value of October bookings will continue to show growth. Backlogs are anticipated to contract by a fractional amount, and the overall health of the manufacturing economy remains slightly down. Please keep in mind that this is only the 5th month of data collection, so keep following this study as this bank of information builds.
The results from this month’s survey (October) 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 September to October: 51.5
- Anticipated change in Value of Bookings from September to October: 56.5
- Anticipated change in Backlog Size from September to October: 49.2
- Anticipated change in the Health of the Manufacturing Economy from September to October: 49.0
Data for October 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.
