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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