HVACR Manufacturers Report Sales Growth, Confidence Heading Into 2019
WESTPORT, Conn. — HVACR manufacturers reported positive 2018 sales growth, according to the latest AHR Expo and ASHRAE Journal Annual Economic Outlook Survey. Last year’s confidence in the industry’s economic outlook is forecasted to carry into 2019, with 87 percent of respondents anticipating positive business prospects heading into the new fiscal year.
The report indicates that the HVACR market is primed for continued business growth. Reports for 2018 are at an all-time high, with 44 percent of respondents reporting a significant sales increase of more than 10 percent year-on-year; this is up from an already impressive 2017 record of 35 percent.