The economy might be on shaky ground right now, but HVAC contractors can come out the other side by not panicking, being deliberate, and taking advantage of the opportunities that are there.
Majestic Steel analysts investigate a wide range of economic indicators like coking coal, steel production and the Chicago PMI in their recent market report.
HVAC contractors have been busier than ever these last two years, and they are hoping that momentum will continue. But inflation and interest rates remain high, and it’s harder than ever to find skilled labor in order to keep up with demand, so 2023 may be more of a challenge.
As contractors embark on 2023, it is important to keep an eye on the economy without seeing a recession that is not there yet … and might not be here for a while.