3rd Quarter Fluid Power Forecasts from ITR Remain Unchanged

The latest forecast report from ITR Economics is now available on NFPA’s member hub. Forecasts for total fluid power, hydraulic, and pneumatic shipments are unchanged from last quarter’s report. ITR expects fluid power shipments to increase 3.2% in 2023 and decrease 10.9% in 2024. In this report, ITR also forecasts thirty popular fluid power markets including farm machinery, construction machinery, and material handling equipment.

Also included in this report:

  • Opportunities, risks, and management objectives for NFPA members.
  • By-quarter heatmap of end use market forecasts highlighting each market’s path through the business cycle.
  • Leading indicator update explaining what five leading indicators are signaling for the US economy.

Questions? Contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.

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