The latest data from the National Fluid Power Association shows in raw index data that pneumatic, mobile hydraulic, and industrial hydraulic shipments all increased in May when compared to April. The 12-month moving average of shipments for pneumatic, hydraulic, and total fluid power has been growing since February 2021. The year-to-date percent change for total fluid power shipments in May is 14.9%. The charts below are drawn from NFPA’s Confidential Shipment Statistics (CSS) program.
Raw Index Data, Index: 2018=100
This graph of raw index data is generated by the total dollar volume reported to NFPA by CSS participants and compared to the average monthly dollar volume in 2018. For example, the May 2022 total dollar volume for pneumatic shipments is 112.2% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
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, 135.3 (the May 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from June 2021 to May 2022 were 135.3% of the orders received from June 2020 to May 2021. (Base Year 2018 = 100)
This graph of 12-month moving averages shows that in May 2022, the moving averages for shipments continued to increase across the board. (Base Year 2018 = 100)
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, May 2022 pneumatic shipments figure of 8.4 means that for the calendar year through May 2022, pneumatic shipments increased 8.4% compared to the same time-period in 2021.