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North American HVACR distributor sales in May increased nearly 8 percent in a year-over-year comparison, according to Heating, Airconditioning and Refrigeration Distributors International (HARDI) in its Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) report. This marks the third consecutive month in which overall distributor sales increased.
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Among HARDI's seven U.S. regions, six were up while the Western region ended a string of two consecutive months of growth. Canada continued its strong run and is the only HARDI region showing a running twelve months in the positive.
"Oregon and Washington had a horrible month for Housing Permits in May with April to May declines of 16.9% and 11.0%, respectively. The 1/12 plummeted for both states after having posted some solid gains earlier in the year. CA posted an 11.7% 1/12 for the month," says Alan Beaulieu, chief economist for HARDI from the Institute for Trend Research. "What does it all mean? We can't be dogmatic about it, but the folks in the Northwest probably got hurt but overall the trend seems consistent with the general HARDI trend once you factor in this region's volatility."
Several new enhancements, including nine new graphs, were debuted in the May report, with additional features to be released in the June report.
For more information about HARDI's Monthly TRENDS Reports, including access to the complete reports, and Quarterly TRENDS Forecasts, visit www.hardinet.org.