Posts Tagged ‘Stats Deep Dive’
Discovering the Capacity Utilization Index
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),…
Read MoreCombine NFPA Resources to Create U.S. Hydraulic Shipment Projections by End Use Market
As the leading source of fluid power market information in the U.S., NFPA offers a variety of industry analysis and hard data to help members understand trends and plan their next move. While offering such a range of resources alone can be helpful to most members, for some, pulling together and interpreting this information can…
Read MoreCOVID-19 Economic Impact Resources: Global Market Reports & Forecasts
The fluid power industry is in a challenging global economic environment with the COVID-19 pandemic, and now more than ever, NFPA members need proper resources to evaluate challenges and anticipate economic trends. For the last couple months, NFPA has alerted members to a variety of COVID-19 economic impact resources. The most deepest and most relevant…
Read MoreCombining NFPA Resources for More Effective Customer Market Performance Analysis
As the leading source of fluid power market information in the U.S., NFPA offers a variety of industry analysis and hard data to assist members in planning their next move. While offering such a range of resources can be extremely helpful to most members, for some, it can create the daunting task of pulling together…
Read MoreRevisiting NFPA’s Fluid Power Product PPI Data
Fluid power product pricing is a very important driver for the industry. With the recent increase in fluid power product pricing, an understanding of fluid power product PPI data is crucial, particularly of what PPI data is, how PPI data is used, and which fluid power product PPIs and related resources are available. What Is…
Read MoreHow Well Do Popular Economic Indicators Correlate to the Fluid Power Industry?
Reliable economic indicators are a necessary piece to the strategic planning puzzle, but the key word here is “reliable.” Testing the reliability of these indicators from time to time ensures the development of a sound strategic plan. There are a variety of methods to test the reliability of an economic indicator, and for the purposes…
Read MoreStill Need a Leading Indicator? Let NFPA’s SOFP Help
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 MoreDeveloping Custom Projections with the Stats Toolkit U.S. Forecasting Report
NFPA’s Stats Toolkit is a cloud-based statistical tool that combines NFPA data sources with popular analytical tools to expands users’ economic view of their companies and industry. It allows users to benchmark company performance, automate time-consuming calculations, conduct industry analysis, identify leading indicators, and create custom forecasts with simple point-and-click menu options that generate graphs…
Read MoreMeasuring Producer Pricing of Fluid Power Products
Prices! As consumers, we commonly play the pricing game. Is this a good price? Can I find it for less? Lucky for us, we have a variety of resources at our fingertips to verify whether something is priced well or poorly. A company’s purchasing or pricing manager often plays the very same pricing game, but…
Read MoreLeading Indicators in NFPA Industry Data
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…
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