HARDI’s TRENDS report shows average sales for HARDI distributor members increased by 19.5% in August. The average annualized growth for the 12 months through August was 7.8%. The annual growth rate has been at 7% or more for three consecutive months after remaining within a narrow 6-7% range for most of the prior two months, the association reported.
“An unusually strong report is usually the result of some special factors,” HARDI Market Research and Benchmarking Analyst Brian Loftus said. “Besides being much warmer than the prior year in much of the country during August, all of the country experienced two extra billing days vs. August 2015.”