Oxford Economics had updated their quarterly Global Fluid Power Report and Forecast. This report contains hydraulic and pneumatic demand forecasts for 20 different countries around the globe. Countries covered include:
- United States
- China
- Mexico
- Germany
- Canada
Highlights from the latest report:
- Globally: motor vehicles and parts continues to be the fastest growing end-use market in 2023.
- US: GDP growth surprised to the upside in Q2, coming in at 2.4% q/q in annualized terms.
- Mexico: GDP data for Q2 showed and expansion of 0.8% q/q, coming in above expectations.
- Germany: GDP declined slightly in Q2, marking the third consecutive quarter of contraction.
Forgot your NFPA member login or need a new one? Contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
Like this post? Share it!
Recent Posts
Latest Economic Indicator Updates, Oxford Briefings, Webinar Recording Available
Multiple updates for our statistical programs are now available, including information NFPA’s Econ and Market Indicators (EMI) report, which has been updated for available March data. Also, Oxford’s Monthly Industry Briefings for April have been released and are available on the website. Additionally, the recording of NFPA’s May 9th Economic Update Webinar featuring Jim Meil of ACT Research. Highlights between…
Registration Now Open for the 2024 Industry & Economic Outlook Conference (IEOC)
August 13–14, 2024The Westin Chicago Northwest, Itasca, ILLearn More | Register The 2024 Industry & Economic Outlook Conference schedule is full with a lineup of industry experts, and, as always, registration is open to everyone in the fluid power supply chain—NFPA members and non-members alike. This year’s event will equip attendees with the trends and data they…
Seats Still Available for NFPA Executive Leadership Program
NFPA’s Executive Leadership Program is conducted in partnership with the Kellogg School of Management at Northwestern University, and offers a series of in-person events for a defined cohort of participants that teach both the hard and soft skills that are needed for leadership in today’s fluid power industry. The program’s second cohort of leaders will be…