HARDI reports sales bump in November
Heating, Air-conditioning and Refrigeration Distributors International announced that U.S. HVACR distributor sales increased by 6% in November 2012. On a rolling 12-month basis, the revenue per employee improved by nearly half the distributor sales growth rate.
Distributor’s 12-month sales growth rate of 4.5% is the largest since July 2012. HARDI economist Andrew Duguay said, “There was sales growth in the refrigeration, controls and HVAC subsectors, with HVAC leading the way.”
The biggest gains were in the Central and Southwest with gains of more than 5% and the Southeast with more than 4% growth. As cleanup from Hurricane Sandy continues, sales in the Mid-Atlantic states were strong, but the Northeast region was slightly off at -0.6% for the month.
“Even if we exclude the strong performance by the Mid-Atlantic region, the sales growth would have increased a respectable 4.2% versus November 2011,” said Brian Loftus, HARDI Market Research and Benchmarking analyst.