Data from the National Fluid Power Association shows that pneumatic and hydraulic shipments continue to grow. Year to date, shipments grew 18.6% in October 2021. Raw index data shows industrial hydraulic and pneumatic shipments for October 2021 down slightly down from September, while mobile hydraulic shipments were slightly higher. The data was collected from more than 80 fluid power manufacturers in 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 October 2021 total dollar volume for pneumatic shipments is 102.1% 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, 124.3 (the October 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from November 2020 to October 2021 were 124.3% of the orders received from November 2019 to October 2020. (Base Year 2018 = 100)
This graph of 12-month moving averages shows that in October 2021, the moving average for shipments increased 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 2021 and the total for the same months in 2020. For example, October 2021 pneumatic shipments figure of 16.1 means that for the calendar year through October 2021, pneumatic shipments increased 16.1% compared to the same time-period in 2020.