COLUMBUS, Ohio — The monthly TRENDS report from Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) showed that sales by participating member distributors increased by 5.2% in July. The annual sales growth for the 12 months through July 2023 was 6.2%.
“Unusually warm temps were in the headlines during the past month, but July 2022 was very warm also,” said Brian Loftus, HARDI's macroeconomic and residential market analyst. “July 2023 had 4% more cooling degree days than normal, but that was off by 4% from July 2022. Under those conditions, the 5% sales gain with only a modest price benefit, and after the 6% decline in June, looks like a solid report and helped preserve the six-handle on the annual rate for one more month.”