HARDI’s monthly TRENDS report shows average sales for HARDI distributor members increased by 4.6% in November 2015.

The annualized growth for the 12 months through November 2015 slipped further to 5.5%. This is the third consecutive decline from the recent peak of 7.3% achieved for the 12 months through August 2015.

HARDI noted it is not unlikely for the modest pace of growth to persist. “HARDI members will definitely be feeling the slowdown well into the first half of 2016 — before things improve in the second half of the year,” HARDI Senior Economist Connor Lokar said. “2017 is still onward and upward to a solid and better year of macroeconomic growth.”