With the economy on an upswing, it’s more important than ever to stay informed about what to expect ahead. One way NFPA members can prepare their companies for a changing economy is by downloading the Forecast Report: U.S. Customer Markets for Q2 of 2021. This quarterly report, supplied by Alan Beaulieu and ITR Economics, includes an annual outlook with ITR phase identifiers for the current year and next two years ahead for 30 of fluid power’s most popular customer markets, as well as hydraulics, pneumatics, and the overall fluid power industry. It also includes a quarterly outlook with ITR phase identifiers for those same markets and detailed fluid power outlooks with supporting evidence, management objectives, phase identifiers and amplitudes.
The Q2 2021 report includes valuable information including:
- Effects of the $1.9 trillion American Rescue Plan
- Changes in U.S. Real Gross Domestic Product from the low of the pandemic to the end of 2020
- Revised forecasts for hydraulic and pneumatic shipments
- Post-pandemic supply and demand data
- Economic opportunities in markets like housing and medical equipment/supplies production
- Suggested management objectives for NFPA members moving forward
Download the report today for access to a comprehensive resource and valuable tool for anticipating the economic challenges and opportunities ahead.
To access the latest report, please click HERE.
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