The Bounce Back is Good News - GDP
Macro economic news does have an effect on our fluid power industry. We may not always follow the economic swings exactly but there is a correlation with the overall economy.
That is why today's report on a 4 percent growth in our Gross Domestic Product is such good news. After a weak first quarter, our economy seems much more robust now. This should translate to continued strength in markets served by fluid power.
I am no economist, however, Alan Beaulieu is. You can find out what he projects for the macro and fluid power economy at the 2014 NFPA Industry and Economic Outlook Conference. The event will be held in Wheeling, IL on August 11-13, 2014. Visit the NFPA Website for more details.