Heating, Air-conditioning and Refrigeration Distributors International (HARDI) announced U.S. HVACR average distributor sales for May 2012 up 17.9 percent. This is the highest month-over-month growth since Nov. 2010 when the looming $1,500 federal tax credit expiration pulled sales forward, said the association. HARDI’s monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) Report showed growth in all seven US regions; six in double-digits.
“May was a particularly strong month with even the lowest quartile showing year-over-year growth which is a rare occurrence,” said HARDI economist, Andrew Duguay. “84 percent of members reported a positive May 2012 versus May 2011; suggesting the recovery among distributors is broadening. Business cycle momentum is clearly positive at this point.”