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.

Recent Posts

Economic Market Indicators Report Updated Series

NFPA’s Econ and Market Indicators (EMI) report pulls together data from multiple sources to provide the latest trends for:  Recent changes have been made to the EMI report. Listed below are the locations in the EMI file and the data series that have been added: Listed below are the locations in the EMI file and the…

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NAM Regulatory Update: NAM Urges Passage of New MTB Bill

As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. The House should move quickly to pass the Miscellaneous Tariff Bill…

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Register Today! Fluid Power and the Drive Towards Performance and Productivity – Virtual Technology Conference

June 6, 2024 | 9:00am– 11:10am* (Central)Virtual Delivery Registration is now open for the June Virtual Technology Conference. The upcoming conference will take place June 6, 2024 and will be held jointly with Milwaukee School of Engineering. The conference focus is “Fluid Power and the Drive Towards Performance and Productivity.” Presentations will be broadcast virtually…

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