Last month, the NFPA hosted their annual Industry and Economic Outlook Conference. We heard from several economists and experts on industrial markets. To summarize the overall sentiment, things got really bad earlier this year and a turn around is coming and may be here.
The fluid power industry was late to be affected by this great recession but sales and shipments sank as low as other manufacturing sectors of our economy. The good news is that slow but steady growth is prediced for all of next year and more growth in 2011.
Now is the time for companies to prepare for a recovery by continuing to positioning their company and brand as market leaders. We at Hydraulics & Pneumatics can help with this.