Monday, November 16, 2015

I was encouraged ...

Last week, I finally got a chance to listen and watch the archived version of the NFPA economic update webinar, done by ITR, Institute for Trends Research.  I came into it expecting more worries but came away encouraged that 2016 will actually be a reasonably good year for our fluid power industry.

You can take in the webinar for yourself if your company is a member of the NFPA.  Just visit their website.  Just register and get the webinar for free.  You too will enjoy Eric Armstrong's energetic introduction .... Goooood morning everyone!!!



The theme for this program was Cautious Optimism, which sounds good to me since we have had a bit of a rough go in 2015.  It looks like increased existing home sales, housing starts, and retail sales have helped the economy of late and gives cause for optimism for 2016.  We are still cautious of the energy sector and the strong dollar for exports.

Overall, there is a nearly 4% growth in fluid power projected for 2016 after a slow start and I like the sound of that.  2017 should be a very good year too.  With that said, there is no time like now to promote your company and products.  Fluid Power World magazine and digital network offers the best way to reach the market.  Let me help!