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.
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