BFPA Statistics update
29 Jul 2020
Quarterly Trend Surveys – How is your business faring coming out of the COVID-19 crisis?
The Quarter 2 2020 BFPA and BFPDA surveys are underway. It would be great to see as many companies as possible sharing their experiences and views on the outlook which you can do by replying to the survey. Please contact email@example.com if you would like to receive the questionnaire again.
CBI Industrial Trend Survey Summary
Included as part of the quarterly trend reports, BFPA subscribes to the CBI’s Industrial Trends Surveys –below is the Executive Summary for Q2 2020:
Manufacturing activity fell sharply in the quarter to July, as firms continued to be buffeted by the COVID-19 crisis. Output volumes declined at a record pace, while total new orders fell at their fastest rate since October 1980. At the same time, headcounts dropped at their quickest pace since April 2009. Looking ahead, firms expect output and orders to begin to gradually recover. However, concerns about the persistent impact of COVID-19 on capital spending remain elevated, particularly a lack of demand and heightened financial constraints.
Source: CBI Industrial Trend Survey July 2020
Latest CETOP / ISC Results
BFPA is able to report into the CETOP surveys, using top level data taken from the various surveys carried out by BFPA among members, and in return gains access to European and ROW fluid power statistics.
Included from June 2020 are some summary graphs for the monthly indicator survey which are interesting – a snapshot is shown below indicating April 2020 as the worst hit month for everyone due to COVID-19:
The 2019 ISC/CETOP Annual Survey results can also be now be downloaded from the Members Only pages of the BFPA website www.bfpa.co.uk A few charts taken from these latest reports illustrating the outturn for the CETOP group of countries for 2019 for hydraulics and pneumatics can be found below:
The ISC statistics for 2019 contain some estimates for CETOP countries who have not reported their 2019 data yet. The breakdowns of the above charts by hydraulic and pneumatic can be found on the Members Only pages.
Please contact Sarah Gardner for further information on any of the BFPA surveys or any questions relating to this article on firstname.lastname@example.org or 07423 616657