In a continued annual news series on trends in fluid power shipments, we again examine three very consistent trends worth watching over the last twelve years using “month-to-month % change” analysis on historical shipments index data from NFPA’s Confidential Shipment Statistics Program. First, let us revisit the trends and historical analysis from last year’s article:
- An increase in shipments from February to March. 12-year Average Increase: +11.5%
- A decrease in shipments from June to July. 12-year Average Decrease: -7.6%
- A decrease in shipments from October to November. 12-year Average Decrease: -11.2%
When re-examining the consistency of these trends after updating the twelve-year period by removing 2008 and including 2020 to the “month-to-month % change” analysis of fluid power shipments (see below), the results reveal a continued consistency in all three trends:
- An increase in shipments from February to March. 12-year Average Increase: +11.3%
- A decrease in shipments from June to July. 12-year Average Decrease: -8.1%
- A decrease in shipments from October to November. 12-year Average Decrease: -10.3%
Despite three major downturns (the 2009 and 2015/2016 recessions and the 2020 COVID-19 downturn) during the examined time span, the trends remained consistent.
Also worth noting is an emerging fourth consistent trend: an increase in shipments from December to January. Over the last 12 years, this trend has proven true every year except for 2009, due to the major recession that began late 2008.
Continue tracking these and many other fluid power industry trends with NFPA’s Confidential Shipment Statistics Program.
The Confidential Shipments Statistics (CSS) Program: The CSS Program is the only monthly source of aggregated industry data for the US fluid power industry. This report presents data on monthly shipments and orders collected from our membership and helps users understand trends and anticipate change within the industry. Member companies can benchmark their own company’s performance against overall industry performance using the CSS results. Data is collected from participating US fluid power manufacturers, compiled by a 3rd party to maintain confidentiality, and results are then only sent to CSS participants. Click here to enroll in CSS online.
Questions and inquiries about the Confidential Shipment Statistics (CSS) program can be directed to Eric Armstrong at email@example.com or (414) 778-3372.
Mark Your Calendar: Join Us on November 15 for an Economic Update with ITR Economics – Register Today!
Registration is now open for the November 15th Economic Update Event featuring Patrick Luce of ITR Economics. The event will take place virtually. In addition to macroeconomic trends and updates, Patrick will speak on important end use markets for fluid power and updated hydraulic and pneumatic forecasts. Check out the latest fluid power forecast report…
Quarterly country and industry forecast reports from Oxford Economics have been updated on NFPA’s member hub. Insights include impacts of the UAW strike on the motor vehicle industry and updates on China’s industrial production. Oxford Economics produces quarterly forecast reports for over 60 countries and 10+ industries. These reports highlight forecast drivers and constraints with…
This episode features Greg Shtrahman of Marzocchi Pumps USA. Listen to the Podcast Here Greg is a Business Development Manager at Marzocchi Pumps, a company that designs, manufactures, and sells external gear pumps and motors for high performance applications. We spoke with Marzocchi’s president in a previous episode about their low-noise gear pumps for automotive…