COLUMBUS, OH — Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report on Friday, showing average sales for HARDI distributor members increased by 7.0 percent in March 2017.
The average annualized growth for the 12 months through March 2017 was 8.0 percent. The annual rate has been at-or-above 8 percent since September 2016.
“The heating season ended on a good note after the warm February,” said HARDI Market Research & Benchmarking Analyst Brian Loftus. “The growth rate was helped by strong growth in the southwest that benefitted from an unusually warm period.”
“Our leading indicators continue to improve,” said HARDI Senior Economist Connor Lokar. “The general rise in the Purchasing Managers Index suggests a cyclical rise in U.S. Industrial