The latest data from the Bureau of Labor Statistics shows the Y/Y % change in fluid power equipment PPI starting to decline. The Y/Y % change appears to have peaked at 14.4% in July 2022, and now sits at 10.4%. The graph below shows this trend over time, and just how large the recent spike is historically.
In comparison, we can look at a few popular end use industries for fluid power. Below, you can see the producer price index, graphed with a year-over-year % change, for construction machinery, farm machinery, and automotive.
Construction machinery and farm machinery appear to be following a similar trend to the fluid power equipment PPI. Both series peaked in mid/late 2022 and have since trended downward. Automotive, however, does not follow this trend and has been slowly increasing since early 2020.
To find PPI data for these markets and many more, download NFPA’s Econ and Market Indicators report. This report also contains shipments data, industrial production data, and capacity utilization data.
Fluid power equipment PPI is also updated regularly in NFPA’s Stats Dashboard. The Stats Dashboard contains highlights from NFPA’s wide variety of market reports.
If you have any questions about this data, contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
Like this post? Share it!
Recent Posts
Discover Cutting-Edge Hydraulics at iVT EXPO 2024 with NFPA Members
The iVT EXPO, an annual event for the off-highway vehicle design and engineering community, is just around the corner! Mark your calendars for August 21-22, 2024, and join us in Chicago, IL, for an opportunity to explore the latest advancements in industrial and off-highway vehicles. The National Fluid Power Association (NFPA) is proud to co-locate…
NAM Regulatory Update: Q&A: Biden Releases Regulatory “Wish List”
As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. President Biden has released his regulatory “wish list” for a second…
HydraForce to Provide Digital Proportional Control Technology for Off-Highway Mobile Equipment at iVT EXPO USA 2024
This episode features Russ Schneidewind of HydraForce. Listen to the Podcast Here Today’s episode is part of a special series were doing to focus on the cutting-edge fluid power technologies and customer solutions on display at the 2024 iVT EXPO. iVT EXPO is an annual exposition for the off high vehicle design and engineering community, with…