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 September.
The numbers, which were compiled the first week of September, show that responding parties anticipate inquiry levels will continue to be down for September as compared to August, but that the value of September bookings shows some growth. Backlogs are anticipated to grow by several points, while the overall health of the manufacturing economy is down. Please keep in mind that this is only the 4th month of data collection, so keep following this study as this bank of information builds.
The results from this month’s survey (September) 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 August to September: 48.4
- Anticipated change in Value of Bookings from August to September: 54.3
- Anticipated change in Backlog Size from August to September: 53.5
- Anticipated change in the Health of the Manufacturing Economy from August to September: 49.0
Data For September 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.
