Industry Insights, a business intelligence partner of the American Supply Association, the association for PHCP/PVF supplies distributors, reported that respondents to its latest survey reported a median sales increase of 5% in May 2023 compared with May 2022.
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May sales are up 13% from April 2023.
Year-to-date sales through May 2023 are up 7% compared with the prior-year period. Inventory remained relatively the same, with a 0.2% increase in May 2023 from May 2022.
Industrial PVF distributors reported a median sales increase of 17.9% in May.
