As many of you may know, the National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Members get and use our data in a variety of ways to run their businesses. Part of our market information services is providing overall industry trends. Here is the latest update:
Hydraulic and Pneumatic Shipments
Pneumatic, Mobile and Industrial Hydraulic Orders Index
Total Hydraulic and Pneumatic Shipments
Shipments – Cumulative year-to-date % change (2016 vs. 2015)
Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for June 2016 decreased 9.9% compared to June 2015, and increased 3.9% when compared to last month. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in June 2016 when compared to June 2015. Mobile hydraulic, industrial hydraulic, and pneumatic shipments increased when compared to last month. These charts are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program. Much more information is available to NFPA members, which allows them to better understand trends and anticipate change in their market and the customer markets they serve.
For more of the latest economic trends and information, be sure to join us for the 2016 Industry & Economic Outlook Conference August 15-17 at the Westin Chicago North Shore in Wheeling, Illinois. To register or find out more, click here.