Economic reports from NFPA continue to be a valuable resource for preparing our members for what’s next in the fluid power industry. This month, there are several updated reports available that are packed with the details you need to make informed business decisions:
Global Economic Reports and Forecasts (including Global Industry Forecasts and By-Country Briefings/Forecasts) by Oxford Economics provide our members with an international perspective on data such as macro summaries, customer market forecasts and the analysis of customer market data for 68 countries. Highlights from the Quarter 2 updates include:
- Global outlook for the pace of the economic recovery
- Covid-related developments and influence of the rise in the global services
- Consumer demand rotation and GDP growth
- Recovery status of US automotive sales as a result of the pandemic
Another useful report from this quarter is Capacity Utilization, an economic indicator commonly used by economists to predict turning points in manufacturing trends, anticipate price inflation, forecast unemployment and foresee supply bottlenecks. This popular indicator index measures the percent of maximum potential output that is actually produced for any given plant or the rate at which total capacity is used. Capacity utilization can be used as:
- A predictor of price inflation, and
- an indicator of employment pressures.
It also tracks historically closely with NFPA’s Fluid Power Shipments data.
An NFPA Login is required to access these reports
Need an NFPA Login? Please click HERE to request one.
2021 Industry & Economic Outlook ConferenceAugust 16-18, 2021Registration Open The 2021 Industry & Economic Outlook Conference (IEOC) is quickly approaching and is set to not only deliver hard data and expert analysis for everyone in the fluid power supply chain, but also offer attendees the tools and connections they need to plan for their organization’s…
Episode 52 of Fluid Power Forum, NFPA’s fluid power industry-focused podcast, is now live. This episode features Jeremy King of Norgren. Listen below to hear about advancements in pneumatic sensor technology and the various industrial systems they improve. This fluid power industry-focused podcast highlights the people, technologies and unique applications that are moving the industry forward. New episodes…
In August of 2021, NFPA will be releasing our new U.S. Fluid Power Industry Brief. This brief will be replacing the Annual Report on the U.S. Fluid Power Industry and will still include all of the information our members (and beyond) have come to expect. Make sure you download the Annual Report while it’s still…