3rd Quarter ITR Forecast Report Now Available

ITR’s Q3 U.S. Customer Markets Forecast Report is now available. This report forecasts over 30 different popular fluid power markets. Identify which phase of the business cycle a market is in and where it is headed in the future. Highlights from this report include:

  • Oil and Gas Extraction Production is currently in phase B, accelerating growth, and is expected to end 2022 up 5.8% over 2021.
  • Farm Machinery Shipments is currently in phase D, recession, but is expected to recover and end 2022 up 3.4% over 2021.
  • Construction Machinery Production is expected to go into a mild recession in 2023 due to a lighter demand for homes.

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