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HEAT SIPHON News - September 2017

 

U.S. Manufacturing Activity hits 13 year High

 

By Harriet Torry - Wall Street Journal- Updated Oct 2, 2017

A closely watched measure of manufacturing activity in the U.S. reached a 13-year high in September, as strong demand and order growth rode out a severe hurricane season. 

The Institute for Supply Management said Monday that its index of manufacturing activity climbed to 60.8 last month from 58.8 in August, hitting its highest reading since May 2004. A reading above 50 indicates sector expansion as measured by factors such as sales, output and hiring. 

The reading exceeded economist expectations and suggests the factory sector is weathering the impact of three recent major Atlantic hurricanes—Harvey, Irma and Maria.  “The economy appears to have taken the punch and rolled with it,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said of the storm disruption.  The survey found “expanding business conditions, with new orders, production, employment, order backlogs and export orders all growing in September,” the ISM said. 

The initial storm impact showed up prominently in the ISM Prices Index, which jumped 9.5 percentage points on the month to 71.5, reflecting higher costs of raw materials like chemical products and metals. 

It was also reflected in manufacturers’ longer wait times, seen in a 7.3 percentage point jump in the Supplier Deliveries Index to 64.4, its highest level since July 2004. 

“But even away from this index, many of the other survey components pointed to strength in the manufacturing sector, including increases in the measures of orders, production, and employment,” J.P. Morgan Chase economist Daniel Silver said in a note to clients. 

The survey reported concern among manufacturers about potential short-supply of products and higher prices in coming months. 

Timothy Fiore, head of the ISM survey, said he expects residual impact on the sector over the next three to six months because of the hurricanes, but “overall, they are not going to change the fundamental factors of demand, and in fact could reflect increased demand because of the destruction element.” 

Manufacturing accounts for only about 12% of U.S. economic output, but the sector is closely watched for signals about the trajectory of the wider economy. Stronger growth overseas, high consumer confidence and a weaker dollar helped bolster factories’ sales and hiring in recent months. 

Consumer confidence declined in September but remained high, according to the University of Michigan’s final reading of consumer sentiment. Households are expecting inflation to pickup in the next year, the survey said, a sign of a solid economy.


 

Aquatics Magazine Readers Vote Heat Siphon with New Temperature Probe 2017 Most Valuable Product

by Bill Bernardi - June, 2017

Posted - Los Angeles, CA

We are very proud and pleased to publish the following letter received from the Editor-In-Chief of Aquatics International Pool & Spa News:

"Dear Bill,

Each year the readers of Aquatics International select the 25 Most Valuable Products (MVP) from those featured in the January 2017 New Products Issue.

I’m happy to inform you that your product, Pool Heat Pump Models w/new thermometers, made this year’s MVP list. As one of the MVPs, your product will appear in a four-color editorial of reader-selected Most Valuable Products, which is scheduled to run in our June digital edition.

Again, congratulations! "

Joanne McClain , Editor-in-Chief
Aquatics International Pool & Spa News

 

BETTER DAYS ARE ON THE WAY

HEAT SIPHON
Big Breakthroughs

Latrobe, PA - September 1, 2017

In the coming months, expect to see Heat Siphon unvailing a series of improvements in their products including several patent pending features and accessories.

"We have been quietly working for years on efficiency increasing features as well as cost reducing design changes which we feel will be game changers"

says Bill Bernardi , President and CEO of United States ThermoAmp Inc., the makers of the Heat Siphon® Swimming Pool Heat Pumps.

While details are not being released at this time, the subjects include inventions which address wireless control of their Heat Siphon and pool pumps as well as dramatic improvements in their heat exchanger cost as well as efficiency.

"This will be one of the biggest changes we have made in over 30 years of manufacturing" says Mr. Bernardi.

We are very close to completion of several R&D projects that will catapult Heat Siphon into the lead in the swimming pool heat pump industry.

I feel we have maintained our reputation over the last 35 years as the innovator in this industry, and these new developements will continue that tradition.

Expect 2018 to be a BANNER YEAR for Heat Siphon® and a boon to all of our loyal customers and dealers all over the world.

NEW PATENT PENDING Water Temperature Probe

Questions or Comments - : sales@heatsiphon.com

HEAT SIPHON OWNER SERVICE: service@heatsiphon.com

Heat Siphon is a Product of United States ThermoAmp Inc. • 1223 Heat Siphon Lane • Latrobe, Pennsylvania 15650 • 724-537-3500

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