NFPA’s October 2015 Confidential Shipment Statistics (CSS) report, a monthly source of fluid power shipment and order data trends often used to benchmark company performance, continues to emphasize our industry’s decline. October’s rate of decline for the fluid power industry reached a five month high across all industry segments, indicating its greatest rate of decline since May.
Preliminary October 2015 shipments of fluid power products decreased 20.2% compared to October 2014, and decreased 3.3% when compared to last month. Mobile hydraulic, industrial hydraulic and pneumatic shipments also decreased when compared to October 2014 and last month.
Final September 2015 shipments of fluid power industry products decreased to an overall -8.7% for the 2015 calendar year when compared to the same time period in 2014. Both the 12-Month Moving Average (MMA) index of 98.9, an indicator of change in the size of the industry, and the 12/12 Ratio index of 94.3, an indicator of change in the rate of growth in the industry, continue to decline. The direction and speed in which these two index indicators move, as well as their position above or below 100, can help you understand the short term outlook for our industry.
As mentioned last month, measuring the rate of decline or growth in a data series is an effective way to find turning points within the series. With that in mind, continue to keep an eye on our industry’s monthly rate of decline for that first month the rate slows and doesn’t surpass the previous month. It may just be that first positive sign or turning point we have been waiting for.
Questions and inquiries about participating in the Confidential Shipment Statistics (CSS) program can be directed to Eric Armstrong at email@example.com or 414-778-