Members of HARDI saw growth of more than 11 percent during March compared with same-month 2010 figures, according to a new report released by the association.
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.”