National HVACR distributor sales for the month of November 2008 were down 14.1% from a year ago, according to the Monthly Targeted and Regional Economic News for Distribution Strategies Report produced by Heating, Airconditioning and Refrigeration Distributors International.
All eight HARDI regional reports indicated negative performance in November. Over the previous twelve months, U.S. and Canadian wholesale sales were collectively even with 2007.
The Western region reported the poorest performance with a sales decline of 31%. The West region was also the only region to report that inventories were down when compared to same month last year. Median Days Sales Outstanding stood at 48.8 days up a half -day from October 2008.