NFPA will add “Year-to-Date % Change” preliminary data starting with this month’s Confidential Shipment Statistics (CSS) report. Our CSS report is the only monthly source of aggregated US fluid power product data collected from our members to explain industry trends and benchmark company performance. The “Year-to-Date % Change” is a frequently used indicator of our industry’s current economic condition and company performance benchmark.
In the past, NFPA has not previously a preliminary YTD % Change figure because it can be subject to change. The changes are typically minor, although early year changes can be more significant.
In response to participant requests, we’ve decided to add the indicator. As one CSS participant stated, “The YTD % Change info is the most important piece of analysis included in the report since the analysis of individual months fluctuate too significantly.”
If you have any questions or would like to discuss any of the analysis listed in the CSS report, please don’t hesitate to contact Eric Armstrong at earmstrong@nfpa.com or 414-778-3372. Please remember that it is important to truly understand the nature of any data analysis before using it to make business decisions.
Like this post? Share it!
Recent Posts
Mark Your Calendars – Upcoming Events of 2023!
Trying to plan ahead for future travel? Use this article to lock-in these events into your calendar! Purdue University Recruitment and Networking Event April 18, 2023 Virtual Delivery Vehicle Challenge Final Competitions April 12-14, 2023 | April 26-28, 2023 Norgren; Littleton, CO | Danfoss; Ames, IA Fluid Power Forum Exhibit and Member Reception at Offshore Technology…
You’re Invited: Purdue University Recruitment and Networking Event
Byline: Kyla Olson, Workforce Program and Event Manager Tuesday, April 18th, NFPA will be hosting a two-part virtual event with Purdue University. We will begin with the Indiana Workforce Engagement Group meeting where you can expect an open discussion between NFPA staff, Purdue University faculty, and industry representatives from NFPA member companies. This is meant…
Power Partner University Murray State University Focuses Heavily on Automation and Controls within Industry- Fluid Power Forum Episode 96 Now Live
This episode features Jake Hildebrant, a Professor of Electromechanical and Manufacturing Engineering Technology at Murray State University. Listen to the Podcast Here As we all know, education plays a crucial role in developing the fluid power workforce. We invited Jake into our forum to welcome Murray State University as a first-year Power Partner University, while also learning…