Heat Treat Today is today releasing the very first economic indicator numbers for four (4) separate heat treat industry specific indices. On a monthly basis, the data will be gathered from suppliers to the heat treat industry and will measure forward-looking expectations about the upcoming month.
The results from the inaugural June survey are as follows; numbers above 50 indicate growth, numbers below 50 indicate contraction, and the number 50 indicate no change:
- Anticipated change in the number of inquiries from May to June: 61.8
- Anticipated change in value of bookings from May to June: 65.0
- Anticipated change in backlog size from May to June: 57.9
- Anticipated change in the health of the manufacturing economy from May to June: 58.0
Heat Treat Today’s Economic Indicator results from May 2023 projected for June 2023.
Source: Heat Treat Today
These June results reporting on May were forward-looking to June. All four indices registered quite high. Therefore, these results show that suppliers responding to the survey anticipated that June would be significantly better than May.
The four index numbers will be reported monthly by Heat Treat Today and will be made available on our website.
The questionnaire is sent out monthly to over 800 industry suppliers. If you are interested in receiving the monthly survey, please subscribe by clicking here.
Results will be published monthly.
