Heat Treat Today has gathered the four heat treat industry-specific economic indicators for November 2026. The results suggest continued optimism among industry suppliers, with expectations for growth across all four indices despite a more measured outlook following October’s strong projections.
November’s data indicates anticipated growth across all four indicators, with each remaining above the growth threshold. Inquiries are projected at 60.4 (from 70.0 in October), while Bookings are expected to reach 61.5 (from 70.0 in October). The Backlog index is forecast at 57.8 (from 64.3 in October). Meanwhile, the Health of the Manufacturing Economy index is projected at 59.5 (from 60.0 in October), nearly unchanged and reflecting continued confidence in overall manufacturing conditions.
November’s indicators suggest that suppliers expect positive business conditions to continue through the final months of 2026. While the pace of anticipated growth has moderated from October’s elevated readings, the sustained strength across all four indices points to an industry outlook that remains firmly in growth territory.
The results from this month’s survey (November) are as follows: numbers above 50 indicate growth, numbers below 50 indicate contraction, and the number 50 indicates no change:
- Anticipated change in Number of Inquiries from October to November: 60.4
- Anticipated change in Value of Bookings from October to November: 61.5
- Anticipated change in Size of Backlog from October to November: 57.8
- Anticipated change in Health of the Manufacturing Economy from October to November: 59.5
Data for November 2026
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 collection began in June 2023. If you would like to participate in the monthly survey, please click here to subscribe.
