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North American HVACR median distributor sales increased 15 percent in August compared to last year, according to the latest Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) report, released by Heating, Airconditioning and Refrigeration Distributors International.
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This marks the sixth consecutive month in which overall distributor sales were up from the previous year. For the first time this year the running twelve-month sales were in the black, albeit slightly. Seven of HARDI's U.S. regions outperformed the same month last year, and two regions' August growth exceeded 20%. Canada continued its strong run and maintains the highest running twelve growth among all HARDI regions.
Each HARDI region reported inventory increases while also reporting the fifth consecutive month of decreasing Days Sales Outstanding (DSO).