Updated State of the Fluid Power Industry Survey Now Available

How does your backlog look? NFPA’s latest State of the Fluid Power (SOFP) industry survey shows 71% of manufacturers reporting an increase in backlog from November to December 2021. As seen in the graph below, manufacturers and distributors have been saying relatively the same thing about their backlogs increasing or decreasing (higher index = increasing…

Read More

Fast Stats Feature: State of the Fluid Power Industry Survey

NFPA’s State of the Fluid Power Industry Survey (SOFP) is a monthly seven-question, opinion-based survey that examines responses from fluid power industry peers on orders, shipments, hiring plans and inventory levels to gauge the change in the monthly, quarterly and annual state of our industry compared to previous benchmarks and predictions.  The latest survey revealed over…

Read More

Still Need a Leading Indicator? Let NFPA’s SOFP Help

Stats Deep Dive

Several months ago, NFPA reviewed the strong relationship between our opinion-based survey results from the State of the Fluid Power Industry Survey (SOFP) and the industry shipments data collected through our Confidential Shipments Statistics (CSS) program. The article was met with a great deal of positive response and requests for updates, so we’re rerunning the…

Read More

Leading Indicators in NFPA Industry Data

Stats Deep Dive

Over the years, NFPA has brought a variety of leading indicators for the fluid power industry to our members’ attention through our market data and reports. Several leading indicators include: Total U.S. Industrial Production; Purchasing Managers Index (PMI); Durable Goods New Orders; Retail Sales Excluding Autos; and NFPA’s State of the Fluid Power Industry Survey…

Read More