BFPA Statistics Update
28 Apr 2021
Quarterly Trend Surveys – How is your business faring in Q1 2021 as we emerge from the COVID-19 crisis?
The Quarter 1 2021 BFPA and BFPDA surveys are underway and the signs are that things are recovering well, with anecdotal evidence suggesting that March 2021 has been a very good month for many companies. Please contact sarah@bfpa.co.uk 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 – the Q1 2021 CBI ITS results for the first quarter make positive reading compared to this time last year. Below is the Executive Summary:
MANUFACTURING OPTIMISM GROWS AT ITS FASTEST PACE SINCE 1973
Sentiment in the manufacturing sector improved at its quickest rate since 1973, likely reflecting an improved outlook for demand conditions. Indeed, new orders last quarter grew at their fastest pace since April 2019, and output volumes are expected to grow rapidly next quarter after being flat in the three months to April. Investment intentions for both tangible and intangible capital expenditures saw noticeable improvements; in particular, anecdotes pointed to plant & machinery investment plans being brought forward to take advantage of the government’s recently announced super-deduction. The main factor that is tempering this broadly positive outlook is the rapid pace of costs growth, which continues to put sustained pressure on firms’ margins.
Source: CBI Industrial Trend Survey 21 April 20201
CETOP Q4/2020 Results Published
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. The fourth quarter 2020 CETOP results can be now be downloaded from the Members Only Login pages of the BFPA website. A few charts taken from these latest reports illustrating the outturn for the CETOP group of countries for 2020 vs 2019 for hydraulics and pneumatics can be found below:
Please contact Sarah Gardner for further information on any of the BFPA surveys or any questions relating to this article on sarah@bfpa.co.uk or 07423 616657