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Fluid power shipments grew in January, according to data from the National Fluid Power Association. Raw index data shows that pneumatic, mobile hydraulic, and industrial hydraulic shipments all increased in January when compared to December. The year-to-date percent change for total fluid power shipments in January 2023 was 21.1%, up from 16.6% in December. For total hydraulic shipments, the change was 24.6%, up from December’s 20.1%. The change in total pneumatic shipments was 15.1 in January, up from 8.5 in December. Mobile hydraulic orders received from February 2022 to January 2023 are currently 102.3% of the orders received from February 2021 to January 2022.
Raw Index Data, Index: 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 2023 and the total for the same months in 2022. For example, January 2023 pneumatic shipments figure of 15.1 means that for the calendar year through January 2023, pneumatic shipments increased 15.1% compared to the same time-period in 2022.