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.
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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…