June 2021 Industry Growth Trends
The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for June increased 9.6% when compared to May and 32.7% when compared to June of last year. Mobile hydraulic and industrial hydraulic shipments both jumped between 35% and 40% in June 2021 when compared to last June, when indexes dropped due to the Covid crisis. June 2021 shipment indexes all increased slightly from May levels. The charts below are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.