Shipments Up in August Rebound
After dropping slightly in July, shipments of fluid power products increased in August, according to data from the National Fluid Power Association. NFPA’s raw index data shows pneumatic, mobile hydraulic, and industrial hydraulic shipments all grew in August when compared to July. The year-to-date change for total fluid power shipments in August was 16.4%. The 12-month moving average of shipments for pneumatics, hydraulics, and total fluid power continues to grow. The data is from fluid power manufacturers in NFPA’s Confidential Shipment Statistics (CSS) program.
Hydraulic and Pneumatic Shipments
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 August 2022 total dollar volume for pneumatic shipments is 119.8% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
Pneumatic, Mobile and Industrial Hydraulic Orders 12/12 Ratio 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, 125.0 (the August 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from September 2021 to August 2022 were 125.0 % of the orders received from September 2020 to August 2021. (Base Year 2018 =100)
Total ‐ Hydraulic and Pneumatic Shipments 12 Month Moving Average This graph of 12-month moving averages shows that in August 2022, total fluid power, total pneumatic, and total hydraulic all increased. (Base Year 2018 = 100)
Shipments – Cumulative year‐to‐date % change (2022 vs. 2021) 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, August 2022 pneumatic shipments figure of 8.1 means that for the calendar year through August 2022, pneumatic shipments increased 8.1% compared to the same time-period in 2021.