The most recent NFPA Economic Update Webinar featured Jim Meil of ACT Research on November 13, 2025. Jim Meil has received first-place recognition in the Wall Street Journal’s survey of 50 forecasters and ranked among USA Today’s “Top 10 Economic Forecasters” for accuracy. Jim Meil offers a data-driven, pragmatic approach to forecasting key customer markets, along with short-term outlooks for the fluid power industry. Discover the key forecasts and market signals to watch as we approach the new year.
Key takeaways from the webinar:
- Volatility continuing to strain the North American and global economy.
- Hope for industrial market conditions currently contingent on lower interest rates and lower financing costs.
- No recession forecasted for the U.S. economy in the short term; however, growth is sluggish. U.S. Industrial markets and U.S. Fluid Power shipments are expected to experience a weak rebound in 2026.
These insights and more are available to NFPA members in the archived recording of the webinar.
For any questions regarding registration, please contact Cecilia Bart at cbart@nfpa.com