Articles Tagged with ''economic outlook''

Global demand for HVAC equipment is forecast to increase 5.7 percent annually to $120 billion by 2018, according to a new study from The Freedonia Group Inc., a Cleveland-based market research firm.

Optimism about the nation’s economic outlook among United States business leaders reached its highest level since 2004, according to the latest Grant Thornton International Business Report (IBR), a survey of more than 3,300 business leaders in 45 countries.

The global HVAC equipment industry is expected to reach an estimated $105.7 billion by 2019, according to a report by Lucintel, a global management consulting and market research firm.

A growing economy, pent-up demand, competitive mortgage rates, and affordable home prices will keep housing on an upward trajectory through 2015. However, several obstacles exist, according to economists who participated in the National Association of Home Builders (NAHB) 2014 Spring Construction Forecast Webinar.

The data was drawn from Prime Advantage’s sixth annual Group CFO Survey, which revealed that member CFOs remain optimistic about financial prospects and are focused on growth, as indicated by increased hiring, capital, and research and development investments.

Heating, Air-conditioning, and Refrigeration Distributors International (HARDI) reported a 19.5 percent sales increase from distributor members in December in its monthly TRENDS report. 

The latest report from Air-Conditioning, Heating, and Refrigeration Institute (AHRI) indicates that 2013 will likely end on a positive note.

Contractors' workloads are increasing, and they need to hire more employees to be able to meet the needs of their customers.