Fluid power shipments fell in July, according to the latest data from the National Fluid Power Association. Raw index data shows that pneumatic, mobile hydraulic, and industrial hydraulic shipments all decreased in July when compared to June. But the 12-month moving average of shipments for hydraulics and total fluid power continues to grow, while pneumatics is approaching a plateau. The year-to-date percent change for total fluid power shipments in July is 15.2%. The figures are from
NFPA’s Confidential Shipment Statistics (CSS) program.
|Shipments||Month||Total Fluid Power||Total Hyd.||Total Pneu.|
|*Preliminary data subject to revision|
The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2022 and the total for the same months in 2021. For example, July 2022 pneumatic shipments figure of 7.1 means that for the calendar year through July 2022, pneumatic shipments increased 7.1% compared to the same time-period in 2021.
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, 126.8 (the July 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from August 2021 to July 2022 were 126.8% of the orders received from August 2020 to July 2021. (Base Year 2018 = 100)
This graph of 12-month moving averages shows that in July 2022, the moving averages for total fluid power and total hydraulic increased while pneumatic appears to be approaching a plateau. (Base Year 2018 = 100)