Q1 2023 ITR Forecast Report Now Available

ITR’s Q1 2023 U.S. Customer Markets Forecast Report is now available. This report forecasts over 30 different popular fluid power markets. Identify which phase of the business cycle a market is in and where it is headed in the future. Forecasts for fluid power, pneumatics, and hydraulics have been updated. Highlights include:

  • Total Hydraulic Shipments index is currently in phase C, slowing growth, and is expected to end 2023 up 6.3% over 2022.
  • Pneumatic Shipments index is currently in phase C, slowing growth, and is expected to end 2023 up 0.3% over 2022.
  • Construction Machinery Production is in phase C, slowing growth, and is expected to end 2023 up 1.1% over 2022.

If you have any questions about interpreting or using the data in this report, please contact Sam Diedrich at (414) 778-3372 or sdiedrich@nfpa.com.

Recent Posts

Mark Your Calendar: Join Us on November 15 for an Economic Update with ITR Economics – Register Today!

Registration is now open for the November 15th Economic Update Event featuring Patrick Luce of ITR Economics. The event will take place virtually. In addition to macroeconomic trends and updates, Patrick will speak on important end use markets for fluid power and updated hydraulic and pneumatic forecasts. Check out the latest fluid power forecast report…

Read More

New Forecasts from Oxford Economics: Updates on the UAW Strike

Quarterly country and industry forecast reports from Oxford Economics have been updated on NFPA’s member hub. Insights include impacts of the UAW strike on the motor vehicle industry and updates on China’s industrial production. Oxford Economics produces quarterly forecast reports for over 60 countries and 10+ industries. These reports highlight forecast drivers and constraints with…

Read More

Innovative Pump Technology Expands to Medical Industry – Fluid Power Forum Episode 109 Now Live

This episode features Greg Shtrahman of Marzocchi Pumps USA. Listen to the Podcast Here Greg is a Business Development Manager at Marzocchi Pumps, a company that designs, manufactures, and sells external gear pumps and motors for high performance applications. We spoke with Marzocchi’s president in a previous episode about their low-noise gear pumps for automotive…

Read More