Discovering the Capacity Utilization Index

Stats Deep Dive

What you should know: CU data can predict turning points in general manufacturing trends, anticipate price inflation and foresee supply bottlenecks. CU data is included in NFPA’s Trends in Capacity Utilization. CU data is a strong economic indicator for fluid power. CU has an 91.8% correlation with Total Fluid Power Shipments. Capacity utilization index (CU),…

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COVID-Proof Trends in Fluid Power Shipments

Stats Deep Dive

In a continued annual news series on trends in fluid power shipments, we again examine three very consistent trends worth watching over the last twelve years using “month-to-month % change” analysis on historical shipments index data from NFPA’s Confidential Shipment Statistics Program. First, let us revisit the trends and historical analysis from last year’s article:…

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Discovering Retail Sales Excluding Auto Data

Stats Deep Dive

What you should know: RSEA data is a strong economic indicator for fluid power. RSEA has a 96.2% correlation with Total Fluid Power Shipments. RSEA data is included in NFPA’s Customer Market File (CMF). NFPA and the Stats Toolkit make it easy for you to use RSEA as a possible leading indicator for your company.…

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Discovering Durable Goods New Orders Data

Stats Deep Dive

What you should know: DGNO data is a strong economic indicator for fluid power DGNO has an 88% correlation with Total Fluid Power Shipments DGNO, excluding Transportation has an 92.8% correlation with Total Fluid Power Shipments NFPA and that Stats Toolkit make it easy for you to use DGNO as a possible leading indicator for…

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Discovering U.S. Industrial Production Index Resources

Stats Deep Dive

Industrial Production Index (IP) is a measure of output of the industrial sector of the economy and includes manufacturing, mining and utilities. It accounts for the bulk of the variation in national output over the course of the business cycle, making it an important tool for forecasting economic performance and a popular economic indicator for…

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Discovering the Purchasing Managers Index (PMI) Resources

Stats Deep Dive

Many individuals engaged in the fluid power supply chain rely on the insights that the Purchasing Managers Index (PMI) offers as a top leading indicator of fluid power industry activity. This measure of economic trends in manufacturing, based on a monthly survey of purchasing managers, can provide current and future insights for decision makers concerning…

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Trends Remain Consistent in Fluid Power Shipments

Some time ago, in an article titled “‘A Sure Thing’ in Future Trends of Fluid Power Shipments”, I identified three very consistent trends in fluid power shipments spanning a ten-year period (2008 – 2017) using “month-to-month % change” analysis on historical shipments index data from NFPA’s Confidential Shipment Statistics Program.  Those trends and historical analysis…

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Under the Microscope: Pneumatic Market Indicators from IEOC

Stats Deep Dive

NFPA’s Industry & Economic Outlook Conference (IEOC) has long delivered a variety of fluid power industry indicators identified by industry experts every year. Whether you are looking for a short-term leading indicator, long-term leading indicator, or coincident indicator, you walk away from this August event with quite a few options. But before attendees head back…

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Under the Microscope: Hydraulic Market Indicators from IEOC

Stats Deep Dive

NFPA’s Industry & Economic Outlook Conference (IEOC) delivers a variety of industry expert-identified indicators for the fluid power industry every year. Whether short-term leading indicators, long-term leading indicators, or coincident indicators, attendees always walk away from this event with quite a few options. But before attendees apply these new resources back at the office, I…

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