heat treat economic indicators

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for June 2026. The results suggest continued growth across the heat treat industry, though at a more measured pace than the elevated levels seen during the spring months.

May’s data points to anticipated expansion in all four indicators, with each remaining above the growth threshold. Inquiries are projected at 54.0 (from 63.0 in May). Bookings are expected to hold steady in growth territory at 60.0 (up from 57.5 in May). The Backlog index is giving strong signals at 61.0 (up from 60.7 in May). Meanwhile, the Health of the Manufacturing Economy index forecasts an optimistic rise to 65.0 (up from 57.1 in May), its strongest reading recorded during the past 12 months.

June’s indicators suggest suppliers continue to anticipate favorable business conditions in the month ahead. While inquiry activity is expected to moderate from the elevated levels reported earlier this year, strong bookings and sustained backlog growth point to ongoing demand and a healthy pipeline of work. The sharp improvement in manufacturers’ outlook for the broader economy further reinforces expectations that heat treaters will continue to benefit from steady activity across key markets as the industry moves into the second half of 2026.

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: 54.0
• Anticipated change in Value of Bookings from May to June: 60.0
• Anticipated change in Size of Backlog from May to June: 61.0
• Anticipated change in Health of the Manufacturing Economy from May to June: 65.0

Data for June 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.

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for January 2026. The January results show encouraging momentum compared to the December 2025 predictions.

January’s indices show suppliers to the industry anticipate significant growth across all four key metrics. Inquiries had a robust uptick at 56.9 (up from 51.3 in December). Bookings demonstrated a healthy increase at 59.5 (up from 56.3 in December). The Backlog index rebounded dramatically, swinging the metric from contraction back into solid growth territory at 57.8 (up from 46.3 in December). Finally, the Health of the Manufacturing Economy index continues to reflect expectations for an encouraging backdrop for heat treating demand at 56.1 (up from 53.8 in December).

January’s indicators reveal a heat treating industry hitting its stride as we enter 2026. The across-the-board improvements — particularly the dramatic backlog recovery — paint a picture of renewed vitality and momentum. With all four metrics showing solid growth, the industry appears well-positioned for a strong start to the year.

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: 56.9
• Anticipated change in Value of Bookings from December to January: 59.5
• Anticipated change in Size of Backlog from December to January: 57.8
• Anticipated change in Health of the Manufacturing Economy from December to January: 56.1

Data for January 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.

Heat Treat Today has gathered the four heat treat industry-specific economic indicators for December 2025. The December results suggest more limited growth than what was predicted in November of 2025.

December’s indices showed modest expansion with mixed momentum across different indicators. The Inquiries stayed moderately positive at 51.3 (from 56.5 in November). Bookings are encouraging at 56.3 (up from 55 in November). The Backlog index is in contraction territory at 46.3 (from 55 in November). Finally, the Health of the Manufacturing Economy index showed moderate growth at 53.8 (from 56.5 in November).

The data suggests cautious optimism but warrants close monitoring of inquiry trends and backlog levels in coming months.

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: 51.3
• Anticipated change in Value of Bookings from November to December: 56.3
• Anticipated change in Size of Backlog from November to December: 46.3
• Anticipated change in Health of the Manufacturing Economy from November to December: 53.8

Data for December 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 Today has gathered the four heat treat industry-specific economic indicators for November 2025. The November industry-specific economic indicators reinforce the overall trend toward growth that began in September of 2025.

November’s industry-specific economic indicators showed all four indices in growth. The Inquiries stayed in growth, rising to 56.5 (from 50.6 in October). Bookings rose to 55.0 (from 50.7 in October). The Backlog index rose out of contraction to 55.0 (up from 47.5 in October). Finally, the Health of the Manufacturing Economy index remained in growth at 56.5 (up from 52.8 in October).

All of the graphs suggest that the undercurrent of growth, which began in late summer, is continuing to rise as we look to the end of the year.

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: 56.5
• Anticipated change in Value of Bookings from October to November: 55.0
• Anticipated change in Size of Backlog from October to November: 55.0
• Anticipated change in Health of the Manufacturing Economy from October to November: 56.5

Data for November 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.

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