Of the eleven economic indices reported on monthly by the Industrial Heating Equipment Association for the benefit of its member companies, four of the indices showed upward growth while only a few dropped significantly. All others remained relatively unchanged.
The four upward trending indices included PMI New Orders, Automobile and Light Truck Sales, Metal Prices, and the Credit Managers Index. The IHEA report, supplied monthly to IHEA member companies, goes into detail on the significance of these upward movements dedicating one full page of the report to each of eleven indices.
Indices not faring so well included Capital Expenditures, Durable Goods Orders, Factory Orders, and Home Starts. Most of the non-positive moving indices saw only slight decreases.
For a full copy of the report, contact Anne Goyer, Executive Director of the IHEA by clicking here.
IHEA Annual Meeting Kicks Off in Florida
Leaders from the heat treating and thermal processing industry are meeting this week at Lido Beach Resort in Florida, USA. This three-day industry meeting, organized by IHEA, attracts leaders from heat treat furnace manufacturers, heat treat component suppliers, and providers of heat treating supplies and consumables. This year’s meeting features discussions on heat treating and cybersecurity, an update on the impact of Washington’s policies on the heat treating industry, as well as an in-depth look at the above mentioned economic indices from IHEA’s economist.
Registration Open for NFPA 86 Update Seminar
IHEA’s next educational event will be an NFPA 86 Update Seminar being held on May 14th from 9:00-3:00 at the Fabricators & Manufacturers Association in Elgin, Illinois. For more information, contact Anne Goyer, Executive Director of IHEA by clicking here.
