HEAT TREAT ECONOMIC NEWS

Heat Treat Economic Indicators: August 2024 Results

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The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. In previous months, the economic indicators have mostly fallen in the growth column, with a midsummer “calm” in July when most suppliers to the heat treat industry expected contraction in all four categories. However, this month, suppliers are reporting that they anticipate most indicators to grow in August.

The numbers, which were compiled in the first week of August, show that responding parties expect the economy to experience rebounding growth in three of the four indices, settling in each at their highest point since May. The expectation for growth in number of inquiries reveals the most significant jump over July’s responses. Anticipation for growth is also positive for value of bookings and health of the manufacturing economy, the latter with positive expectations falling just above the “neutral” x-axis, indicated by the number “50.” The size of backlog indicator, though improved over July, remains the indicator suppliers anticipate contraction.

The results from this month’s survey (August) 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 July to August: 57.8
  • Anticipated change in Value of Bookings from July to August: 56.1
  • Anticipated change in Backlog Size from July to August: 49.3
  • Anticipated change in the Health of the Manufacturing Economy from July to August: 50.6

    • Data for August 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.

    Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: July 2024 Results

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The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Through the first half of 2024, the economic indicators have shown that suppliers to the heat treat industry have expected growth across all four indicators, with numbers in June remaining in the “growth” category in three out of four heat treat industry indices. This month, suppliers are reporting that they expect indicators to reflect a midsummer calm; contractions are anticipated with some falling just below neutral.

The numbers, which were compiled in the first week of July, show that responding parties anticipate indices to reveal contraction, but the expectation for contraction is minimal for number of inquiries and value of bookings, both settling just below the “neutral” x-axis, indicated by the number “50.” Backlogs and overall health of the manufacturing economy are expected to shrink, with the backlog indicator falling below our neutral axis for the second month in a row. This is the first month that suppliers anticipate contraction across the board since data started being collected in June 2023.

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 the Number of Inquiries from June to July: 48.0
  • Anticipated change in Value of Bookings from June to July: 48.5
  • Anticipated change in Backlog Size from June to July: 44.6
  • Anticipated change in the Health of the Manufacturing Economy from June to July: 43.8

Data for July 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: June 2024 Results

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The four heat treat industry-specific economic indicators have been gathered by Heat Treat Today each month since June 2023. Thus far in 2024, the economic indicators have shown that suppliers to the heat treat industry have expected growth across all four indicators. However this month, suppliers are reporting that they expect one indicator to contract in June, as compared to May.

The numbers, which were compiled in the first week of June, show that responding parties strongly anticipate number of inquiries, value of bookings, and health of manufacturing economy — to grow as compared to the previous month (May). This expectation for growth continues to be rather limited with positive expectations falling just above the “neutral” x-axis, indicated by the number “50.” The size of backlog indicator stands out this month as being the first indicator suppliers anticipate contraction since the December 2023 indicators report.

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 the Number of Inquiries from May to June: 57.7
  • Anticipated change in Value of Bookings from May to June: 54.0
  • Anticipated change in Backlog Size from May to June: 46.3
  • Anticipated change in the Health of the Manufacturing Economy from May to June: 52.9

Data for June 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: May 2024 Results

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The four heat treat industry-specific economic indicators, gathered by Heat Treat Today each month since June 2023, indicate expectations for economic growth in May compared to what suppliers experienced in April. However, while growth is still expected, it appears that most suppliers are more tame in their projections for growth across most indicators.

The numbers, which were compiled in the second week of May, show that responding parties strongly anticipate all four indices — number of inquiries, value of bookings, size of backlogs, and health of manufacturing economy — to grow. Again this is growth as is compares to the previous month (April). One specific indicator does stand out, though: Manufacturers are expecting significant growth in number of inquiries.

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 the Number of Inquiries from April to May: 61.5
  • Anticipated change in Value of Bookings from April to May: 56.8
  • Anticipated change in Backlog Size from April to May: 52.7
  • Anticipated change in the Health of the Manufacturing Economy from April to May: 55.9

Data for May 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: April 2024 Results

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There are four heat treat industry-specific economic indicators gathered by Heat Treat Today each month since June 2023, and this month, we are seeing a marked downturn in expectations across all indicators.

The numbers, compiled in the second week of April, show that responding parties strongly anticipate all four indices — number of inquiry, value of bookings, size of backlogs, and health of manufacturing economy — to grow. However, all projections are significantly down, which would seem to indicate that industry suppliers are approaching April with far more conservative expectations as compared to Q1 2024.

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 the Number of Inquiries from March to April: 51.9
  • Anticipated change in Value of Bookings from March to April: 56.5
  • Anticipated change in Backlog Size from March to April: 51.9
  • Anticipated change in the Health of the Manufacturing Economy from March to April: 51.3

Data for April 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.

Find heat treating products and services when you search on HeatTreatBuyersGuide.com

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Heat Treat Economic Indicators: March 2024 Results

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The four heat treat industry-specific economic indicators, gathered by Heat Treat Today each month since June 2023, indicate high expectations for economic growth on all four heat treat industry indices as we look ahead to March. Read on to see which indices are hitting above last month’s growth expectations and which one is lower in growth compared to February’s expectations.

The numbers, which were compiled in the second week of March, show that responding parties strongly anticipate all four indices — number of inquiry, value of bookings, size of backlogs, and health of manufacturing economy — to grow. Interesting, the number of inquiries is a bit down, as compared to last month, but suppliers are still expecting growth, more so than any previous month, with the exception of February.

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 the Number of Inquiries from February to March: 64.0
  • Anticipated change in Value of Bookings from February to March: 68.4
  • Anticipated change in Backlog Size from February to March: 70.0
  • Anticipated change in the Health of the Manufacturing Economy from February to March: 61.7

Data for March 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: February 2024 Results

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The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month since June 2023 reflect the highest expectations for economic growth that we’ve seen. For this month of February, suppliers to the industry have particularly high expectations for one indicator.

The numbers, which were compiled in the second week of February, show that responding parties strongly anticipate inquiry levels and value of bookings to grow; it will be interesting to see if expectations for number of inquiries will increase at the same rate in future months. Industry suppliers are also expecting backlogs and overall health of the manufacturing economy to be up this month.

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 the Number of Inquiries from January to February: 71.0
  • Anticipated change in Value of Bookings from January to February: 65.5
  • Anticipated change in Backlog Size from January to February: 59.0
  • Anticipated change in the Health of the Manufacturing Economy from January to February: 57.9

Data for February 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: January 2024 Results

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The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month since June 2023 each reflect expectations for economic growth in the month of January, with suppliers to the industry predicting a particularly significant swing in expectations for one of the indicators as compared to December 2023.

The numbers, which were compiled the second week of January, show that responding parties anticipate that the number of inquiries will grow significantly, an increase from extreme contraction that was expected in December. So also, the value of January bookings shows an increase in expectations for growth from expected contraction in December. The backlogs indicator continue to reflect anticipated growth, slightly down from December. The overall health of the manufacturing economy indicator is up, especially when compared to December, with growth expected. This is the 8th month of data collection, so keep following this study as this bank of information builds.

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 the Number of Inquiries from December to January: 58.3
  • Anticipated change in Value of Bookings from December to January: 58.9
  • Anticipated change in Backlog Size from December to January: 54.3
  • Anticipated change in the Health of the Manufacturing Economy from December to January: 53.7

Data for January 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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Heat Treat Economic Indicators: December 2023 Results

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The four heat treat industry-specific economic indicators gathered by Heat Treat Today each month — starting in June of this year — are predicting contraction along with economic growth for just one indicator in the month of December.

The numbers, which were compiled the first week of December, show that responding parties anticipate inquiry levels will contract significantly as compared to November. So also, the value of December bookings shows a drop in expectations for growth and economic contraction being anticipated this month. For the first time in a while, backlogs indicate decisive anticipated growth. The overall health of the manufacturing economy is expected to remain as it was from November. Please keep in mind that this is only the 7th month of data collection, so keep following this study as this bank of information builds.

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 the Number of Inquiries from November to December: 38.4
  • Anticipated change in Value of Bookings from November to December: 46.1
  • Anticipated change in Backlog Size from November to December: 55.0
  • Anticipated change in the Health of the Manufacturing Economy from November to December: 50.0

Data for November 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

 

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Heat Treat Economic Indicators: November 2023 Results

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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 economic contraction for one indicator in the month of November.

The numbers, which were compiled the first week of November, show that responding parties anticipate inquiry levels will continue to be up and show mixed expectations for growth as compared to October. The value of November bookings shows a slight decrease in expectations for growth, though growth is still projected. Backlogs are anticipated to grow by a fractional amount, and the overall health of the manufacturing economy is expected to drop. Please keep in mind that this is only the 6th month of data collection, so keep following this study as this bank of information builds.

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 the Number of Inquiries from October to November: 54.0
  • Anticipated change in Value of Bookings from October to November: 52.5
  • Anticipated change in Backlog Size from October to November: 50.4
  • Anticipated change in the Health of the Manufacturing Economy from October to November: 44.6

Data for November 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.

Find heat treating products and services when you search on Heat Treat Buyers Guide.com

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