Some Shipments Dropped in December
The latest shipments data from the National Fluid Power Association shows decreases in pneumatic and mobile hydraulic shipments while industrial hydraulic shipments slightly increased in December when compared to November, according to raw index data. The year-to-date % change for total fluid power shipments in December was 16.6%, down from 16.9% in November. The data shows the 12-month moving average of shipments for pneumatics, hydraulics, and total fluid power continues to grow. Mobile hydraulic orders received from January to December 2022 are currently 103.4% of the orders received from January to December 2021. The charts are drawn from 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 December 2022 total dollar volume for pneumatic shipments is 106.7% 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, 117.3 (the December 2022 level of the industrial hydraulic series) indicates that industrial hydraulic
orders received from January 2022 to December 2022 were 117.3% of the orders received from January 2021 to December 2021. (Base Year 2018 = 100)
Total – Hydraulic and Pneumatic Shipments 12 Month Moving Average
This graph of 12-month moving averages shows that in December 2022, total fluid power, total pneumatic, and total hydraulic all increased. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change (2022 vs. 2021)
*Preliminary data subject to revision.
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, December 2022 pneumatic shipments figure of 8.5 means that for the calendar year through December 2022, pneumatic shipments increased 8.5% compared to the same time-period in 2021.
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