According to the most recent report from Heating, Air-conditioning and Refrigeration Distributors International (HARDI), average sales for HARDI distributor members declined by 2.8 percent in December 2017, and the average annualized growth for the 12 months through December 2017 was 5.3 percent.
“December is not a seasonally significant month. The decline is associated with very strong prior year sales and one less billing day this year,” said Brian Loftus, market research and benchmarking analyst, HARDI. “That is difficult to overcome.”