Articles Tagged with ''economic outlook''

The year started out strong for the HVAC industry, but there are economic headwinds going into the second half of 2022.

We are experiencing ever-rising gas prices, inflation rates at 40-year highs, supply shortages, and staffing shortages, among other things. How can you prepare your company and team?

While many economists and others still believe high prices will pass, many now see them lingering longer than first expected.

Consumers will pay a lot more to heat their homes this winter. The EIA said the retail prices were already at or near multiyear highs at the end of October.

The microchip shortage creates challenges for HVAC contractors as they explain to customers why they have to wait longer and pay more for equipment.

Demand from consumers and commercial clients resulted in most publicly traded HVAC-related businesses reporting strong results in the second quarter.

Summer weather drives a lot of business for HVAC contractors. What does this summer hold?

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, was 41 days at the end of April 2021.

Most HVAC manufacturers believe that 2021 is shaping up to be a good year in sales.

A recovering economy, plus consumers’ growing awareness of HVAC, is leading contractors to believe that 2021 will be a better year.