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.

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