CIPH Report: Industry Numbers Up for Summer
September 20, 2010
TORONTO - According to the Canadian Institute of Plumbing & Heating (CIPH), its July and August reports showed improving numbers for wholesalers across the industry. The reports, which are produced by the Profit Planning Group (PPG), track HVACR; plumbing; pipe, valves and fittings (PVF); waterworks; and hydronics.
Despite the annual two-week construction shutdown in July in Quebec, wholesalers’ sales for July were up 6.4 percent or $27.8 million from last year. Specifically, the HVACR segment was up 17.3 percent in July 2010 compared to July 2009. In addition, all Canadian regions analyzed by the report were up in July except for British Columbia.
The good news continued in August. According to CIPH, August was a $477 million month, and “the industry has not seen these type of numbers since 2007.” The PPG report showed that August was up 13.8 percent or up $57.8 million compared to August 2009. In August, numbers for all regions were up.
Year-to-date total sales are up 8.8 percent or $268.7 million.
Publication date: 09/20/2010