According the the latest report by the National Fluid Power Association in their quarterly financial webcast, business continues to look great for the fluid power industry. In fact, the recovery has been tremendous considering that the industry grew at a 44.6% rate so far this year.
Now that rate is not sustainable but we can safely project that a more sustainable growth rate will continue through 2013. That was the word from the Institute for Trend Research, a regular contributor to NFPA projections.
This new is great. I look forward to continued growth albiet at a slower rate for our industry. All segments are on the rise with the Construction and Metal Working Machinery markets growing at 20%.
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