The latest data from the Bureau of Labor Statistics shows the Y/Y % change in fluid power equipment PPI starting to decline. The Y/Y % change appears to have peaked at 14.4% in July 2022, and now sits at 10.4%. The graph below shows this trend over time, and just how large the recent spike is historically.
In comparison, we can look at a few popular end use industries for fluid power. Below, you can see the producer price index, graphed with a year-over-year % change, for construction machinery, farm machinery, and automotive.
Construction machinery and farm machinery appear to be following a similar trend to the fluid power equipment PPI. Both series peaked in mid/late 2022 and have since trended downward. Automotive, however, does not follow this trend and has been slowly increasing since early 2020.
To find PPI data for these markets and many more, download NFPA’s Econ and Market Indicators report. This report also contains shipments data, industrial production data, and capacity utilization data.
Fluid power equipment PPI is also updated regularly in NFPA’s Stats Dashboard. The Stats Dashboard contains highlights from NFPA’s wide variety of market reports.
If you have any questions about this data, contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
Like this post? Share it!
Recent Posts
Member Highlights the Value of NFPA’s Conferences
At NFPA, our members’ experiences are the foundation of what we do. We’re excited to share our latest testimonial video featuring Ken Baker, CEO of Bailey International, who underscores the value of attending NFPA events. In his video, Ken highlights how the Economic & Industry Outlook Conference provides invaluable insights for his business. From the…
NAM Regulatory Update: House Passes Critical Minerals 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. (November 15, 2024) The House easily passed an NAM-backed bill intended…
Fall 2024 Economic Update Webinar – Recording Available
The most recent NFPA Economic Update Webinar featured Lauren Saidel-Baker of ITR Economics. Learn what to expect from a number of our industry’s most popular customer markets, while also getting the answers you need to the short-term outlook for the fluid power industry. These insights and more are available to NFPA members in the archived recording of the…