HARDI released its monthly trends report, showing average sales growth by HARDI distributor members declined by 1.9 percent in May 2019.

The average annualized growth for the 12 months through February 2019 is 11%

“This year got off to a 4.4 percent start, which looks pretty good when you realize it is being compared to a month [January 2018] that had a 19.4 percent gain.”

“While economic headwinds should create some softness in 2019, strength in the labor market and a cautious Fed are encouraging,” said Paul Hallmann, economist, HARDI.

“Furnace season is off to a great start,” said Brian Loftus, market research & benchmarking analyst, HARDI.

“October was another exceptional month for HARDI distributors,” said Brian Loftus, market research & benchmarking analyst, HARDI. “Cooling season began with 20 percent sales growth in May and now heating season is off to an impressive start.”

“The 9.8 percent annual sales growth is the best annual pace since eight years ago, when we began to move beyond the Great Recession,” said Brian Loftus, market research and benchmarking analyst, HARDI.

“The 9.8 percent annual sales growth is the best annual pace since eight years ago, when we began to move beyond the Great Recession,” said Brian Loftus, market research and benchmarking analyst, HARDI.

“Mid-teens growth is always encouraging, especially during the seasonally significant summer months,” said Brian Loftus, market research & benchmarking analyst, HARDI.