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Home » Distribution Industry News » ASA Distributor Members See Slowing Growth Trend

Date

  • Published on: February 13, 2023

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  • Distribution Strategy Group Distribution Strategy Group

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ASA Distributor Members See Slowing Growth Trend

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Distribution Industry News

ASA Distributor Members See Slowing Growth Trend

Respondents to American Supply Association’s monthly sales report survey reported a median sales increase of 9% for November 2022 from the prior-year period.  

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This is the third month in a row where sales growth has slowed. Half of the PHCP/PVF distributors reported trailing 12 months’ sales growth between 12.9%-23.7%. Inventory also rose 19% in November 20222 from the prior-year period.  

“While November reported solid growth (9%), it continued a three-month trend of slowing growth,” said Greg Manns, Industry Insights senior vice president. “It is the first month since February 2021 that the median year-over-year monthly sales growth was less than 10%. While some continue to experience continued solid sales growth, there are signs of more respondents starting to see the onset of a slowing economy.”  

Industry Insights, which produces the monthly sales reports for ASA, says that with high inflation in the market, the year-over-year comparisons should be viewed with caution.  

Distribution Strategy Group

Distribution Strategy Group

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