ITR’s Q2 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.
- Farm Machinery is in phase D, recession, and is expected to end 2023 down 11.7% 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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