HVACR wholesalers see growth
The Heating, Airconditioning and Refrigeration Distributors International’s Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) Report showed all eight North American regions improving on prior-year figures. It marks the fourth straight month with at least a 10 percent annual growth rate.
While Canada improved its March 2010 figures, this March marked the country’s fifth month of annual growth rate decline.
“The first quarter is setting up to far exceed our projections,” said HARDI Executive Vice President and Chief Operating Officer Talbot H. Gee. “However, we’re remaining cautious because we may find out that half or more of this growth is inflationary. Seeing all eight of our regions up in March is fantastic, though it would be a bigger confidence booster if the growth were more even across the continent.” ***