Articles Tagged with ''economic outlook''

Within the HVAC universe, pure-play manufacturers have led the market since January 2012 with a cumulative return of 173 percent. Diversified HVAC manufacturers and HVAC service and distribution stocks have also performed well, gaining 67 percent and 62 percent, respectively.

It seems many HVAC contractors are feeling positive about the year ahead, at least according to ACCA, which reported its January 2015 Contractor Comfort Index (CCI) scored a 74 — much higher than a year earlier when the CCI stood at 69. 

The latest report from Heating, Air-conditioning, and Refrigeration Distributors International (HARDI) showed that average sales for HARDI distributor members increased 9.4 percent in November 2014, but that annualized growth through November was 6.9 percent, which is where it was throughout 2014. 

Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 11.1 percent, and U.S. shipments of gas warm air furnaces increased 5.1 percent over the same period in 2013 (oil warm air furnaces increased 8 percent).

ACCA announced that its December Contractor Comfort Index (CCI) shows that HVACR contractors closed out 2014 feeling positive about short-term growth. The CCI for December 2014 was 71. This was up four points over December 2013 when the CCI was 67.

According to an ASHRAE and AHR Expo survey sent to more than 1,000 HVACR manufacturers worldwide, there is growing optimism for improving business prospects in 2015. Based on survey results, 87 percent of respondents said their prospects for business were either “excellent” (26 percent) or “good” (61 percent) for the coming year.

The National Association for Business Economics (NABE) announced that its June 2014 Outlook Survey panelists expect stronger economic growth for the balance of this year than they did three months ago.

Global demand for HVAC equipment is forecast to increase 5.7 percent annually to $120 billion by 2018, according to a new study from The Freedonia Group Inc., a Cleveland-based market research firm.

Optimism about the nation’s economic outlook among United States business leaders reached its highest level since 2004, according to the latest Grant Thornton International Business Report (IBR), a survey of more than 3,300 business leaders in 45 countries.

The global HVAC equipment industry is expected to reach an estimated $105.7 billion by 2019, according to a report by Lucintel, a global management consulting and market research firm.