Market is weakening as threats of a recession intensify.
Pump Industry Insider
More investments in digitalization are required to make it happen.
Large increase of executives say they believe business conditions will improve over the next four months
The COVID-19 pandemic has had both a positive and a negative effect on the motion control market.
74-year-old Andersson has been in the industry for 52 years.
Fewer executives responding said they believe business conditions will improve over the next four months.
Following negative GDP growth in Q1, downside risks continue to plague the U.S. economy.
Gas prices were already escalating well before the conflict with Russia and Ukraine.
Year-to-date, cumulative new business volume was up nearly 8 percent compared to 2021.
Interest rates and federal uncertainties are causes for concern in the future.