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North American HVACR average distributor sales for November 2919 increased more than 20 percent versus November 2009, according to the Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) Report released by Heating, Airconditioning and Refrigeration Distributors International (HARDI). The running 12-month sales improved for the fourth consecutive month, nearing the top end of HARDI's projections for 2010 growth of 5 to 10 percent.
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Canada maintained its top spot for the highest level of running 12-month growth among all HARDI regions while three U.S. regions moved into double digits.
Average Days Sales Outstanding snapped a two-month streak of increases by dropping slightly. Average distributor sales per employee showed modest increases from last month.
"The latest numbers from HARDI distributors is very encouraging, however a word of caution is worthwhile given the outlook for housing, end of the tax credit, and the outlook for the commercial industry," said Alan Beaulieu, the Institute for Trend Research and HARDI chief economist,. "Banks are beginning to lend more commercially but housing will be an ongoing lending issue. We would suggest that too much not be read into the numbers. A straight-line projection at this point could be disastrous."
For more information about HARDI's Monthly TRENDS Reports, email [email protected].