The recent NFPA Economic Update Webinar featured Eric Post, a Senior Economist from ITR Economics. Eric ensures quality of forecast reports, including NFPA’s U.S. forecast report that members know and use today. Eric’s presentation gives an update on current economic challenges and the future of the fluid power industry. He uses leading indicators and NFPA member data to analyze and predict market trends. A few highlights include:
- Inflation will ease, but to a higher level than the previous decade.
- Labor market will remain tight for the foreseeable future.
- Despite challenges, growth will continue for the next three years.
These insights and more are available to NFPA members in the archived recording of the webinar.
An NFPA “Members Only” username and password is needed to view the archived webcasts. Members who do not have a username and password can request one at the following webpage (https://web.nfpa.com/account/register.aspx?ReturnUrl=)
Questions or problems concerning the webinar archive can be directed to Pete Alles at palles@nfpa.com or (414) 778-3372.
Looking for more data and insights? Visit NFPAHub.com/stats for a full list of Market Information Resources.
Like this post? Share it!
Recent Posts
Shaping Fluid Power Standards & How You Can Get Involved
We’re excited to share a new onboarding video from Allison Forsythe, your Standards and Program Manager at the National Fluid Power Association (NFPA). In this video, Allison highlights the important work we’re doing in standards development and how you can get involved. At NFPA, we manage both domestic and international standards, including those through the…
Enhance Your 2025 NFPA Annual Conference Experience By Bringing a Guest
2025 NFPA Annual ConferenceFebruary 25-27, 2025Tucson, AZRegistration Now Open The 2025 NFPA Annual Conference is not just about professional growth—it’s an opportunity to connect with your peers, your industry, and even your loved ones. As always, we’re offering an inviting Spouse/Guest Program that encourages you to bring someone special along to share in this incredible…
NFPA Executive Leadership Program Conducts Third Session at Kellogg
The NFPA Executive Leadership Program is an in-depth and interactive program that helps emerging leaders in the fluid power industry develop their network and advance their management and leadership skills through tailored content. Its sessions are presented in collaboration with the Kellogg School of Management at Northwestern University, with Kellogg faculty helping to curate interactions among…