ASA distributor members reported a median sales increase of 22% for June 2022 compared with the prior-year period.
This comes after a 26% increase in May 2022, and an 18% increase in April 2022. ASA reported modest sales growth of 7.4% from May 2022 to June 2022. Respondents reported sales growth of 19.8% for the trailing 12 months ending in June 2022.
Industry Insights, which produces the ASA monthly sales report for ASA distributor members, said that with high inflation comparisons for the current trailing 12 months period and the prior period in 2021 should be viewed with caution. However, it’s encouraging that half the respondents reported trailing 12-month sales growth between 15.3% and 27.4%.
“It was another strong month in terms of year-over-year sales performance,” said Greg Manns, senior vice president at Industry Insights. “These figures should still be viewed through a cautionary lens due to inflation.”