The industry outlook seems to be holding strong as sales for members of the American Supply Association were up 6.4% Y/Y in the third quarter of 2019, according to the organization’s monthly report, ASA Advisor.
Year-to-date through September, sales across the PHCP/PVF industry were up 4.8% on average and up 6% for the trailing 12 months prior. The next quarterly update will be available in January.
“Dec. 1 marks China’s consumer product tariff deadline and is an important date to watch,” ASA Business Intelligence Analyst Ayesha Salman said. “Purchasing managers may try to get ahead of this deadline — which could create a surge in product demand. It may also lead to an overstock of inventory.”