United States heating, ventilation, air-conditioning & refrigeration (HVACR) average distributor sales grew 13.3% in July 2012, after a June drop of 1.8%, according to the Heating, Air-conditioning and Refrigeration Distributors International (HARDI).
Each of the seven regions in the HARDI Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) Report showed healthy growth in July, including three regions with growth in the mid-to-high teens range.
"The positive sales environment was widespread, across every geographic region and company size category. Over 80% of participating HARDI members reported numbers were higher this July than last year," said Andrew Duguay, HARDI economist. "The resumption of the growth on a rolling 12-month basis being experienced by HARDI members concurs with the improving trends we are seeing in U.S. industrial production, housing starts, retail sales, and commercial construction."
HARDI Executive Vice President Talbot Gee added, "While it's great to see June's slide be temporary and for July to rebound so strongly, 2012 is showing signs of further declines in replacement rates and accelerating declines in commercial business. Customers and the entire supply chain appear to be increasingly paralyzed by the current economic and political uncertainty."
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