Heating, Air-conditioning & Refrigeration Distributors International (HARDI) reported average sales performance by HARDI distributors increased 26.7% in March 2022. The average annual sales growth for the 12 months through March 2022 is 25.3%.
“The TRENDS performance during the past year has tracked the rapid economic recovery. We expect economic growth to be cooling this year. Consumer sentiment is down, inflation and mortgage rates are up. The sales growth at building materials and supply retailers is slowing, and our TRENDS annual sales growth has a strong tendency to follow the performance of that group,” HARDI Market Research & Benchmarking Analyst Brian Loftus said.