HI offering comprehensive economic reports to serve pump industry
The Hydraulic Institute (HI) announced availability of U.S. and global economic reports offered in conjunction with the Institute for Trend Research (ITR). The extensive set of economic report services provides trend data and insights specifically focused on the markets served by the North American pump industry...
PARSIPPANY, NJ, Jan. 30, 2006 -- The Hydraulic Institute (HI) today announced the availability of U.S. and global economic reports offered in conjunction with the Institute for Trend Research (ITR). The extensive set of economic report services provides trend data and insights specifically focused on the markets served by the North American pump industry.
"With the information gleaned from these reports, companies will be better able to set effective budgets and sales forecasts, make informed capital decisions and identify growth markets," noted Robert Asdal, HI executive director. "Plus, the trends and financial indicators contained in these reports can help inform management when the 'time is right' to take advantage of currency exchanges and other economic conditions. At the same time, the reports are highly valuable in avoiding unprofitable business transactions."
Several options of report services are available, including one option that provides quarterly economic reports by market and region. These reports examine the macroeconomics of the pump industry and provide market forecasts accordingly. Subscribers are apprised of upcoming changes in the global economy and in specific domestic markets. In addition to providing a forecast of U.S. Industrial Production, the reports provide analysis and forecast for Canada, Mexico, Brazil, Germany, the U.K., Japan and China. The following major markets are included:
• Water supply
• Sewage treatment
• Petroleum and gas extraction production index - NAICS 211
• Petroleum refining NAICS 32411
• Building industry: private non-residential construction
• Electric power: utilities production - NAICS 2211,2
• Chemical production, inorganic - NAICS 32512-8
• Chemical production, organic - NAICS 32511,9
• Paper production - NAICS 322
• Metal mining production index - NAICS 2122
Another option allows users to received monthly forecast updates via web-based access to ITR EcoTrends™, for the purposes of in-house planning and forecasting. Also included are an executive and technical summary, industrial production and interest rate forecasts, and analysis of over 40 economic indicators essential to companies who need to understand their economic environment and planning for the future. A third option offers a confidential company specific analysis.
Subscription options and prices are detailed in the "Membership" section of the HI website at www.Pumps.org and are also available to non-HI members.
The 90-year old Hydraulic Institute, the largest association of pump producers in North America, is a global authority on pumps and pumping systems. Information on the Hydraulic Institute, its services, standards, publications and meetings, can be found on the HI websites at www.pumps.org and www.pumplearning.org, and the new energy-savings and life cycle cost focused site, www.pumpsystemsmatter.org. Based in Parsippany, NJ, it's annual meeting will be Feb. 22-27 in San Antonio, TX.