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HEAT SIPHON News - August 2018

ALL Analog Models Get Smarter

 

New TimerStat Pro Status LED Enlightens Owners / Serviceman

Latrobe, PA - August 1, 2018

The NEW Analog "C" Series Heat Siphon's began shipping this month with our new TimerStat Pro Controller that adds a sophisticated status LED light while keeping our economical original "Set It & Forget It!" single knob design.

The LED can display red green & orange to let you know the status of your Heat Siphon at a glance, including - POWER, NO FLOW, HEATING, HI/LOW Pressure Error, Reset Breaker Error & Call Factory for Servuce.

When flashing the LED signifies various conditions such as checking flow, restart delay, heating pool, SEE ABOVE - animation for demonstration.

The TimerStat Pro will mount in the same door as the digital Player Models.

This allows a direct replacement upgrade to Digital without any wiring or harness changes other than a simple jumper. Just remove the door unscrew the plug and replace it with a digital Player door assembly.

"This is a MAJOR improvement which required some changes to the software of the controller, and the minimal cost of adding an LED to the board. The NEW SMART USER FRIENDLY Timerstat Pro will not impact the price of our analog models" says Bill Bernardi, President.

Surge in Retail Sales & Rising Manufacturing
Power U.S. Economy to Strong Growth This Summer

 

By Harriet Torry WSJ - August 15, 2018

WASHINGTON—A surge in retail sales and rising manufacturing output suggest the U.S. economy’s strong growth in the second quarter continued into the third.

Retail sales—a measure of spending at U.S. stores, websites and restaurants—rose a seasonally adjusted 0.5% in July from the prior month, the Commerce Department said Wednesday. That was well ahead of economists’ forecasts for a 0.1% increase.

Compared with a year earlier, they grew 6.4% in July. That’s more than double the pace of inflation, which increased 2.9% in the year to July, as measured by the Labor Department’s consumer-price index.

Robust hiring and low unemployment mean more households have income to spend. That is being amplified by tax cuts, which have resulted in less paycheck withholding.

With demand strong, production is also up. U.S. factory output rose 0.3% in July, the Federal Reserve said Wednesday, and was up 2.8% from a year earlier, largely on higher auto and computer production.

The robust economic outlook is likely to keep Fed policy makers on track to raise short-term interest rates to a range between 2% and 2.25% when they meet next month, and move them higher again in December, to prevent the economy from overheating.

Growth in retail sales was driven by stronger spending at grocery stores, restaurants, department stores and clothing stores.

Higher spending on nonessential discretionary items like restaurant meals suggests “households are not too worried about higher gas prices, and that tax cuts are providing a cushion,” Morgan Stanley economists said in a note to clients.

Sales at food and drinking establishments increased 1.3% in July from the prior month and rose 9.7% from a year earlier, among the strongest rates of growth of any retail category.

Retail sales data aren’t adjusted for inflation. Analysis by market-research firm NPD Group Inc. found food service spending rose primarily in the year to May because the cost of a restaurant meal increased faster than the cost of a home prepared meal, while restaurant visits—either on-site, drive-thru or ordered for delivery—were flat.

“The consumer is healthy,” Macy’s Chief Executive Jeff Gennette said in an interview. “She is spending in our categories. “We haven’t seen signs that the consumer is running out of steam,” he added.

Emily Assmus, a marketing coordinator from Virginia Beach, Va., said her family feels “pretty good” financially. She started a new job earlier this year and in July bought a new Chevrolet Suburban SUV to replace her 2008 vehicle. “Most definitely I was able to not sweat having a larger car payment” because of the salary bump that came with her new position, the 37-year-old said.

Forecasting firm Macroeconomic Advisers estimates economic output will expand at a 3.2% rate in the third quarter, after 4.1% growth in the second. If the forecast holds up, it would represent the best back-to-back quarters for growth since the middle of 2014, and would be well above the trend of near 2% growth that has prevailed for most of this expansion.

Better Days are On The Way!

16-24 Year Olds Unemployment Rate Lowest in 50 Years

 

WSJ - Jeffrey Sparshott

August 16, 2018

The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer.

That’s the latest sign a tight labor market is generating more opportunities for groups often overlooked by employers. The unemployment rate for adults without a high-school diploma fell to a record low in July. Among racial groups, the unemployment rates for Latinos and Blacks have touched record lows this year, Andrew Duehren reports.

The latest hiring trend may also help explain so-so wage growth. Rather than bidding more for experienced workers, employers are casting a wider net—opting for on-the-job training in return for lower labor costs.

Consumers Are Saving More - Surprise

 

By Paul Kiernan- WSJ

Aug. 18, 2018

Thrifty Consumers - A major data revision shows Americans are saving much more of their incomes than previously believed.

On the eve of the last two recessions, American households were unprepared.

Years of appreciating stock portfolios, rising home values and improving job prospects had convinced consumers that they didn’t need to save much of their income.

So when unemployment rose and asset prices fell in the downturns that started in 2001 and in 2007, consumers drastically reined in spending and the economy contracted.

Until a few weeks ago, some economists feared history was in the process of repeating itself.

Official numbers suggested saving was again out of style as the current expansion enters its 10th year.

Recent data has altered the picture. Households have been saving significantly more of their after-tax income for several years, according to revised data released last month by the Bureau of Economic Analysis.

HEAT SIPHON Surge in Sales Creates Big Backlog

Latrobe, PA - August 21 2018

"We expected increased sales from the new Trump economy but we NEVER expected the surge in sales we are experiencing. Dealers who haven't ordered in YEARS are calling while our existing customers are ordering two and three times as many units as in the last 5 years!!"

We are hiring more production workers and investing in equipment upgrades to help

"We Perform to
KEEP YOU WARM!"®

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

Copyright © 2016 United States ThermoAmp Inc. All rights reserved.

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