Fluid power order and shipment data from the National Fluid Power Association (NFPA) show a slight decline occurred in June 2023 from the previous month.
The 12-month moving average for shipments of hydraulics and total fluid power plateaued during June while pneumatic shipments continued to show an increase, demonstrating positivity for that segment of the industry and thus likely its various customer markets. NFPA says the year-to-date percent change (2023 versus 2022) in June 2023 for total fluid power shipments is 8.7%, down 3% from May.
Orders for mobile hydraulics received from July 2022 to June 2023 are at 93.5% of those received during the previous period (July 2021 to June 2022).
When viewing the raw index data, NFPA reports shipments for pneumatic, mobile and industrial hydraulics declined from May 2023.
The above charts are supplied by NFPA and drawn from data collected from more than 70 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.