As reported by Power & Motion in their article “Fluid Power Industry on Downward Trend Before Recovery in 2025,” the first half of 2024 has been marked by continued economic uncertainty, impacting the fluid power industry and its customer markets. Analyst Jim Meil of ACT Research outlined the challenges during the National Fluid Power Association’s spring economic webinar. Click here to read the full article.
According to Meil, the past decade has brought wild economic swings—from pandemic disruption to supply chain volatility—and 2024 is shaping up as a period of stagnation. He referred to it as a “rolling recession,” where some sectors like technology and semiconductor production are surging, while others experience stagnation or decline.
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Article with all rights reserved, courtesy of Power & Motion — https://www.powermotiontech.com/
