CSS Monthly Shipments: Industry Decline Maintains Pace

NFPA’s monthly Confidential Shipment Statistics (CSS) report, a source of fluid power shipment and order data trends often used to benchmark company performance, continues to indicate an industry downturn at a pace that doesn’t look to slow anytime soon.  Industry peers’ concerns have shifted from the weakening effects of industry conditions on 2015 to whether these conditions will carry through to 2016.

Preliminary August 2015 shipments of fluid power products decreased 14.4% compared to August 2014, and decreased 5.6% when compared to last month.  Mobile hydraulic, industrial hydraulic and pneumatic shipments decreased when compared to August 2014.  Mobile hydraulic, industrial hydraulic, and pneumatic shipments also decreased when compared to last month.

Final July 2015 shipments of fluid power industry products decreased overall by 7.1% for the 2015 calendar year when compared to the same time period in 2014.  Both the 12-Month Moving Average (MMA) index of 101.5, an indicator of change in the size of the industry, and the 12/12 Ratio index of 97.8, an indicator of change in the rate of growth in the industry, continue to decline toward or below levels of 100.  The direction and speed in which these two index indicators move, as well as their position above or below 100, can help you understand the short term outlook for our industry.

The question on many minds now is whether the rate of decline will slow before the end of the year, and what to expect for 2016.  Watch for the next quarterly forecast from ITR Economics due at the end of October, along with the Economic Update Webinar by Jim Chappelow of ITR on October 29. You can register for the webinar using this link.

The Confidential Shipments Statistics (CSS) Program
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.

Questions and inquiries about participating in the Confidential Shipment Statistics (CSS) program can be directed to Eric Armstrong at earmstrong@nfpa.com or 414-778-3372.

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