NFPA Good Source for Fluid Power Market Trend Data
The latest data published by the National Fluid Power Association (NFPA) shows industry shipments of fluid power products for April 2014 increased 3.4% compared to April 2013, and decreased 1.6% compared to last month.
Industrial hydraulic and pneumatic shipments increased and mobile hydraulic shipments decreased in April 2014 when compared to April 2013. Mobile hydraulic and industrial hydraulic shipments decreased and pneumatic shipments increased when compared to last month.
Each point on this graph represents the most recent 12 months of orders compared to the previous 12 months of orders. Each point can be read as a percentage. For example, 97.7 (the March 2014 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from April 2013 to March 2014 were 97.7% of the orders received from April 2012 to March 2013. (Base Year 2013 = 100)
This graph of 12-month moving averages shows that in April 2014, pneumatic shipments increased and hydraulic shipments remained the same. (Base Year 2013 = 100)
These charts are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA Confidential Shipment Statistics (CSS) program.
Much more information is available to NFPA members, which allows them to better understand trends and anticipate change in their market and the customer markets they serve. For more information on the NFPA CSS program, click here.
Tribute, Inc. is a provider of business management software for distributors and fabricators in the fluid power industry. If you're in need of upgraded technology, visit www.tribute.com
Related articles
