With the economy on an upswing, it’s more important than ever to stay informed about what to expect ahead. One way NFPA members can prepare their companies for a changing economy is by downloading the Forecast Report: U.S. Customer Markets for Q2 of 2021. This quarterly report, supplied by Alan Beaulieu and ITR Economics, includes an annual outlook with ITR phase identifiers for the current year and next two years ahead for 30 of fluid power’s most popular customer markets, as well as hydraulics, pneumatics, and the overall fluid power industry. It also includes a quarterly outlook with ITR phase identifiers for those same markets and detailed fluid power outlooks with supporting evidence, management objectives, phase identifiers and amplitudes.
The Q2 2021 report includes valuable information including:
- Effects of the $1.9 trillion American Rescue Plan
- Changes in U.S. Real Gross Domestic Product from the low of the pandemic to the end of 2020
- Revised forecasts for hydraulic and pneumatic shipments
- Post-pandemic supply and demand data
- Economic opportunities in markets like housing and medical equipment/supplies production
- Suggested management objectives for NFPA members moving forward
Download the report today for access to a comprehensive resource and valuable tool for anticipating the economic challenges and opportunities ahead.
To access the latest report, please click HERE.
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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…