ASA distributor members report strong month-to-month sales increase
However, year-over-year comparison lowest since early 2021.
Respondents to ASA’s monthly sales report reported a median sales increase of 1.7% for March 2023 vs. 2022. This represents the lowest this figure has been since February 2021. Year-to-date sales through March 2023 were up 8.9% vs. 2022.
Industry Insights, which produces the ASA monthly sales report for ASA distributor members, says that while inflationary pressures are beginning to slowly soften, year-over-year comparisons should continue to be viewed with caution. Though year-over-year sales growth was a modest 1.7%, respondents reported an increase in sales of 15% on a month-to-month basis for March vs. February.