The latest data published by the National Fluid Power Association shows that pneumatic, mobile hydraulic, and industrial hydraulic shipments increased in June when compared to May, according to raw index data. The year-to-date percent change for total fluid power shipments in June was 15.5%. Mobile hydraulic orders received from July 2021 to June 2022 are currently 119.6% of the orders received from July 2020 to June 2021. The following charts are drawn from data collected by 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 June 2022 total dollar volume for pneumatic shipments is 117.2% 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, 131.1 (the June 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from July 2021 to June 2022 were 131.1% of the orders received from July 2020 to June 2021. (Base Year 2018 = 100)
This graph of 12-month moving averages shows that in June 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, June 2022 pneumatic shipments figure of 7.6 means that for the calendar year through June 2022, pneumatic shipments increased 7.6% compared to the same time-period in 2021.