Economic outlook - Page 2

Five Strategies to Wake Up Growth in the Face of a Slowdown

It’s been hot, but the calls aren’t coming in like they were last year

August 29, 2023

The expectations were high after coming off of the COVID-era growth rates, but the reality is many contractors are finding themselves confronting an unanticipated slumber to summer.

HVAC, Plumbing, and Electrical Market Perspectives — Summer 2023

The back half of 2023 should remain active but at volume levels below those seen over the last couple of years

Will Schryver

July 7, 2023

No Comments

Contractors focused primarily on service, maintenance, and repair should continue to see steady, healthy growth, even in a slowing economic environment.

Majestic Steel Releases June 30 Steel Market Report

Steel production comes in higher, but at 4.8% less than this time last year

Austin Keating

July 3, 2023

No Comments

Majestic Steel analysts investigate a wide range of economic indicators like iron ore, steel production and the U.S. economy.

5 Reasons to be Positive About the HVAC Industry

Recent history shows HVAC contractors can expect a resilient industry

Kyle Gargaro

June 26, 2023

One Comment

Here are five reasons HVAC contractors should be positive about the short- and long-term future of the industry.

Majestic Steel Releases May 30 Steel Market Report

Steel production is up for the year, with inputs like zinc and coal down significantly owing to less demand from China

Austin Keating

May 30, 2023

No Comments

Majestic Steel analysts investigate a wide range of economic indicators like coking coal and steel production in their recent market report.

Construction Sector Reflects Economic Uncertainty

Contractors continue to hire even as headwinds increase.

Ted Craig

May 30, 2023

No Comments

Uncertainty pervades the economy these days and the construction industry reflects that with unemployment lower, varying strength among sectors and constant concern about the rate of interest rate increases and the soundness of the banking system.

HVAC Contractors Should Stick to the Fundamentals in Tough Times

Despite all the outside noise, contractors shouldn’t panic

Matt Jachman

May 17, 2023

No Comments

The economy might be on shaky ground right now, but HVAC contractors can come out the other side by not panicking, being deliberate, and taking advantage of the opportunities that are there.

PHCC Releases Q1 2023 Contractor Confidence Index Report

April 6, 2023

No Comments

The PHCC 2023 Q1 Contractor Confidence Index cites cautious optimism, but challenges still ahead.

Majestic Steel Releases March 31 Steel Market Report

Manufacturers in the Chicagoland area are recovering, although March still marked the seventh consecutive month of contraction.

Austin Keating

April 5, 2023

No Comments

Majestic Steel analysts investigate a wide range of economic indicators like coking coal, steel production and the Chicago PMI in their recent market report.