Economic outlook - Articles - Page 4

Majestic Steel Releases March 31 Steel Market Report

Manufacturers in the Chicagoland area are recovering, although March still marked the seventh consecutive month of contraction.

Austin Keating

April 5, 2023

Majestic Steel analysts investigate a wide range of economic indicators like coking coal, steel production and the Chicago PMI in their recent market report.

HVACR OEMs Report Strong Q4 Results

Every surveyed manufacturer noted they’re well-positioned for the coming months

Matt Jachman

April 4, 2023

Six of seven major HVACR manufacturers reported year-over-year revenue increases for the fourth quarter of 2022.

Contractors Predict Growth in Service/Repair this Year

Slight dip in equipment sales could be offset by greater demand for service

March 27, 2023

HVAC contractors have been busier than ever these last two years, and they are hoping that momentum will continue. But inflation and interest rates remain high, and it’s harder than ever to find skilled labor in order to keep up with demand, so 2023 may be more of a challenge.

Mergers and Acquisitions: Two Bankers Say HVAC M&A Market Still Robust, One Buyer Sees Bigger Slowdown

Mergers and acquisitions activity is slightly off its recent peak of two years ago, according to two investment bankers involved in such deals

Matt Jachman

March 21, 2023

While M&A activity has slowed, there is still a lot of opportunity in the market.

Majestic Steel Releases Weekly Steel Market Report

Demand and employment in the steel sector is declining, while production is rising, along with the prices of coking coal and scrap.

Austin Keating

February 14, 2023

Prime scrap prices haven’t increased in February for over 10 years, but this February defied expectation.

Pay Attention But Don’t See Recession Ghosts

Kyle Gargaro

February 4, 2023

As contractors embark on 2023, it is important to keep an eye on the economy without seeing a recession that is not there yet … and might not be here for a while.

Tax Credits, Decarbonization, and Economics

Kyle Gargaro

January 30, 2023

With the AHR Expo in Atlanta just a week away, The Climate Control Group COO Kevin McNamara met with The ACHR NEWS and other members of the trade press to give an outlook on the 2023 HVAC industry.

Is a Recession in the Cards for 2023?

Industry economist believes it’s inevitable but predicts it will be mild

Joanna R. Turpin

January 18, 2023

ABC chief economist Anirban Basu believes a recession will occur in 2023, based on higher interest rates and other indicators that suggest the economy may be slowing down.

A Somber Forecast for HVACR

Tough times ahead, HARDI CEO says, but smart contractors can survive

Matt Jachman

November 9, 2022

There may be rough seas ahead for HVACR contractors, but those who are prepared should be able to weather the storm — and even thrive.

Manufacturers Report Strong Quarter

But headwinds of inflation, COVID-19, supply-chain issues remain

Matt Jachman

August 23, 2022

A half-dozen major HVACR manufacturers achieved strong financial results in the second quarter even as they navigated supply-chain issues and other obstacles.