HEAT TREAT ECONOMIC NEWS

Heat Treat Economic Indicators for July: Slight Slowdown

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for July 2025. While June industry-specific economic indicators rose up like weeds, July’s indicators have seen a mix of slowdown and growth.

July’s industry-specific economic indicators showed growth in one index, no change in one index, and two indices slipping into contraction. The Inquiries index shows some anticipated contraction with Inquires declining to 49.3 (from 62.5 in June). Bookings continue to reflect suppliers’ anticipation for steady growth — as compared to June’s performance — at 53.6 (slightly below June’s 56.4). The Backlog index entered definite contraction, declining to 41.7 (from 54 in June). Finally, the Health of the Manufacturing Economy index showed no expectations for change, resting at 50 (compared to 59.2 in June).

The graphs overall suggest suppliers are preparing for a slight slowdown after expecting rapid growth in June.

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 Number of Inquiries from June to July: 49.3
  • Anticipated change in Value of Bookings from June to July: 53.6
  • Anticipated change in Size of Backlog from June to July: 41.7
  • Anticipated change in Health of the Manufacturing Economy from June to July: 50

Data for July 2025

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.


Heat Treat Economic Indicators for July: Slight Slowdown Read More »

Heat Treat Economic Indicators for June: A Positive Jump

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for June 2025. While May showed a gentle upswing of growth despite one area of contraction, the June industry-specific economic indicators anticipate growth for all four categories.

June’s industry-specific economic indicators showed growth in all four indices, including one which had previously slipped into contraction. The Inquiries and Bookings indices show continued growth with Inquires rising to 62.5 (from 59 in May) and Bookings holding steady at 56.4 (from 57.7 in May), while the Backlog index moves upward to 54 (from 52.2 in May).

The Health of the Manufacturing Economy index entered contraction in April and declined further in May, however June has seen a positive jump up to 59.2 (from 42.9 in May), taking it out of contraction.

The graphs overall suggest that the four-month slowdown for the North American thermal processing industry, which began in roughly December 2024, has come to an end. The numbers indicate a positive turn toward industry growth.

The results from this month’s survey (June) 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 May to June: 62.5
  • Anticipated change in Value of Bookings from May to June: 56.4
  • Anticipated change in Size of Backlog from May to June: 54.0
  • Anticipated change in Health of the Manufacturing Economy from May to June: 59.2

Data for June 2025

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.


Heat Treat Economic Indicators for June: A Positive Jump Read More »

Heat Treat Economic Indicators for May: A Gentle Upswing

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for May 2025. While April showed a mixed bag of growth and contraction, May sees three out of four areas indicating growth.

May’s industry-specific economic indicators continued to show growth in three of the four indices while one has slipped farther into contraction. The Inquiries and Bookings indices show a sharp turn toward growth, with Inquires rising to 59 (from 49 in April) and Bookings rising to 57.7 (from 52 in April), while the Backlog index hovers at a relatively steady 52.2.

The Health of the Manufacturing Economy index entered contraction in April, and has continued in its decline, dropping from 47.2 in April down to 42.9 in May. Tariffs are now in effect which may begin to impact the economic index.

Despite the decline in the Health of the Manufacturing Economy Index, the graphs overall suggest that the 4-month slowdown in the North American thermal processing industry (that began in roughly December 2024), is beginning to see a turn-around.

The results from this month’s survey (May) 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 April to May: 59.0
  • Anticipated change in Value of Bookings from April to May: 57.5
  • Anticipated change in Size of Backlog from April to May: 52.2
  • Anticipated change in Health of the Manufacturing Economy from April to May: 42.9

Data for May 2025

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.


Heat Treat Economic Indicators for May: A Gentle Upswing Read More »

Heat Treat Economic Indicators for April: A Mixed Bag

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for April 2025. While March showed a positive outlook, this month is indicating a change.

April’s industry-specific economic indicators continued to show growth in two of the four indices while two others have slipped into contraction. Both the Bookings and Backlog indices continue to show growth however at a significantly slower pace compared to March. The Bookings index fell from 58.8 in March to 52.0 this month and the Backlog index fell from 59.3 to 53.3. Any number above 50 indicates growth.

Slipping just below the index number of 50, indicating contraction, were both the Inquiries index and the Health of the Manufacturing Economy index. The former fell from a very strong 61.1 to 49.0, while the later dropped slightly from 50.0 to 47.2.

The graphs suggest that the North American thermal processing industry is experiencing a 4-month slowdown that started in roughly December 2024.

Please note that the above data was collected just prior to tariff announcements by the Trump White House. Next month’s data should show the effect of those tariffs.

The results from this month’s survey (April) 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 March to April: 49.0
  • Anticipated change in Value of Bookings from March to April: 52.0
  • Anticipated change in Size of Backlog from March to April: 53.3
  • Anticipated change in Health of the Manufacturing Economy from March to April: 47.2

Data for April 2025

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.


Heat Treat Economic Indicators for April: A Mixed Bag Read More »

Heat Treat Economic Indicators: March 2025 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. As the northern hemisphere looks to warmer weather, a positive outlook is reflected in three of the four economic indicators compiled in the first week of March.

Heat treat industry suppliers anticipate the economy in March to experience growth in number of inquiries, value of bookings, and size of backlog, however there is a net decrease compared to February. This is particularly shown in the economic indicators where suppliers to the North American heat treat industry expect no change over previous months in health of the manufacturing economy.

The results from this month’s survey (March) 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 February to March: 61.1
  • Anticipated change in Value of Bookings from February to March: 58.8
  • Anticipated change in Size of Backlog from February to March: 59.5
  • Anticipated change in Health of the Manufacturing Economy from February to March: 50.0

Data for March 2025

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.



Heat Treat Economic Indicators: March 2025 Results Read More »

Heat Treat Economic Indicators: February 2025 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Although all four economic indicators compiled in the first week of February reflect anticipated growth, there is a net decrease compared to January, as the industry adjusts to geopolitical transitions and a rebounding market.

The indicators show that heat treat industry suppliers anticipate the economy to experience growth throughout the month of February across all indices. The numbers in all four categories remain above 50 for the fourth month in a row, however, suppliers to the North American heat treat industry show cautious expectations for economic growth over previous months in number of inquiries and health of the manufacturing economy. In the latter category, respondents anticipate growth at a rate 8 to 10 points lower than the other indices.

The results from this month’s survey (February) 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 January to February: 60.4
  • Anticipated change in Value of Bookings from January to February: 62.3
  • Anticipated change in Size of Backlog from January to February: 60.4
  • Anticipated change in Health of the Manufacturing Economy from January to February: 51.7

Data for February 2025

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.



Heat Treat Economic Indicators: February 2025 Results Read More »

Heat Treat Economic Indicators: January 2025 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. All four economic indicators reflect anticipated growth as the industry enters a new year.

The indicators, which were compiled in the first week of January, show that suppliers expect the economy to continue to experience growth throughout the month across all indices. In particular, while the numbers in all four categories remain above 50 for the third month in a row, suppliers to the North American heat treat industry continue to anticipate increased growth over previous months in number of inquiries. Overall, an encouraging run of three months of expected growth.

The results from this month’s survey (January) 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 December to January: 67.0
  • Anticipated change in Value of Bookings from December to January: 62.0
  • Anticipated change in Size of Backlog from December to January: 56.7
  • Anticipated change in Health of the Manufacturing Economy from December to January: 58.7

Data for January 2025

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.



Heat Treat Economic Indicators: January 2025 Results Read More »

Heat Treat Economic Indicators: December 2024 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. For the second month in a row, all four economic indicators reflect anticipated growth.

The indicators, which were compiled in the first week of December, show that suppliers expect the economy to experience growth throughout the month of December across all indices. This is the first month since March 2024 that the numbers in all four categories rose above 60, anticipating wide-scale improvements across the entire North American heat treat economy. In particular, the numbers increased by 6.5 and 7.5 points in the value of bookings and the size of backlog, respectively. 

The results from this month’s survey (December) 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 November to December: 65.0
  • Anticipated change in Value of Bookings from November to December: 62.5
  • Anticipated change in Size of Backlog from November to December: 65.0
  • Anticipated change in Health of the Manufacturing Economy from November to December: 61.3

Data for December 2024

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.



Heat Treat Economic Indicators: December 2024 Results Read More »

Heat Treat Economic Indicators: November 2024 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Last month, suppliers expected the economy to experience contraction in all four indices. This month, for the first time since May 2024, all four economic indicators are reflecting anticipated growth.

The numbers, which were compiled in the first week of November, show that responding parties expect the economy to experience growth in all four indices. In three of the four, the numbers change by more than 12 points over the past month from contraction to growth. For number of inquiries, the results from the polling increase by over 19 points, and on the other end of the indices, suppliers anticipate growth in the health of the manufacturing economy by 9 points.

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: 64.0
  • Anticipated change in Value of Bookings from October to November: 56.0
  • Anticipated change in Size of Backlog from October to November: 57.5
  • Anticipated change in Health of the Manufacturing Economy from October to November: 56.5

Data for November 2024

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.



Heat Treat Economic Indicators: November 2024 Results Read More »

Heat Treat Economic Indicators: October 2024 Results

The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Last month, suppliers were split between anticipated growth and no change or contraction. This month, the four economic indicators are all reflecting anticipated contraction.

The numbers, which were compiled in the first week of October, show that responding parties expect the economy to experience contraction in all the four indices. In three of the four, the numbers change by more than 5 points from growth or no change to contraction. For anticipated health of the manufacturing economy, suppliers anticipate contraction, although in an improved range.

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 Number of Inquiries from September to October: 44.6
  • Anticipated change in Value of Bookings from September to October: 44.8
  • Anticipated change in Size of Backlog from September to October: 42.9
  • Anticipated change in Health of the Manufacturing Economy from September to October: 43.8

Data for October 2024

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.



Heat Treat Economic Indicators: October 2024 Results Read More »

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