Heating, Airconditioning and
Refrigeration Distributors International (
HARDI) announced North American HVACR distributor
sales for the month of May 2010 were up nearly 8% from last year in its Monthly
Targeted and Regional Economic News for Distribution Strategies (TRENDS)
Report. This marks the third consecutive month that overall distributor sales
were up from the previous year.
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 12 months in the positive.
According to
Alan
Beaulieu, HARDI’s chief economist, “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.
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.”
HARDI also
announced several new enhancements to the industry’s only index for distributor
performance. The May sales TRENDS Report featured nine new graphs and June’s
report will debut the first tracking of distributor efficiency represented by
sales per employee. These new features
to the monthly sales TRENDS Reports are in addition to the incorporation of
average heating and cooling degree days and a consumer lending analysis to
HARDI’s Quarterly Regional TRENDS Forecast available exclusively to distributor
and supplier member companies.
A new
monthly Manufacturing Optimization Report exclusively for subscribing
Manufacturer/Supplier members will also debut.
For more information contact
HARDI’s headquarters or visit
www.hardinet.org.