Economic outlook - Page 3

Contractors Predict Growth in Service/Repair this Year

Slight dip in equipment sales could be offset by greater demand for service

March 27, 2023

HVAC contractors have been busier than ever these last two years, and they are hoping that momentum will continue. But inflation and interest rates remain high, and it’s harder than ever to find skilled labor in order to keep up with demand, so 2023 may be more of a challenge.

Mergers and Acquisitions: Two Bankers Say HVAC M&A Market Still Robust, One Buyer Sees Bigger Slowdown

Mergers and acquisitions activity is slightly off its recent peak of two years ago, according to two investment bankers involved in such deals

Matt Jachman

March 21, 2023

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While M&A activity has slowed, there is still a lot of opportunity in the market.

Majestic Steel Releases Weekly Steel Market Report

Demand and employment in the steel sector is declining, while production is rising, along with the prices of coking coal and scrap.

Austin Keating

February 14, 2023

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Prime scrap prices haven’t increased in February for over 10 years, but this February defied expectation.

Pay Attention But Don’t See Recession Ghosts

Kyle Gargaro

February 4, 2023

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As contractors embark on 2023, it is important to keep an eye on the economy without seeing a recession that is not there yet … and might not be here for a while.

Tax Credits, Decarbonization, and Economics

Kyle Gargaro

January 30, 2023

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With the AHR Expo in Atlanta just a week away, The Climate Control Group COO Kevin McNamara met with The ACHR NEWS and other members of the trade press to give an outlook on the 2023 HVAC industry.

Is a Recession in the Cards for 2023?

Industry economist believes it’s inevitable but predicts it will be mild

Joanna R. Turpin

January 18, 2023

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ABC chief economist Anirban Basu believes a recession will occur in 2023, based on higher interest rates and other indicators that suggest the economy may be slowing down.

Inflation Easing: Monthly Construction Input Prices Drop 2.7% in December

January 18, 2023

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Overall construction input prices are 7.9% higher than a year ago, while nonresidential construction input prices are 7.6% higher.

Commercial, Institutional, and Health Care Construction Drive ABC’s Backlog Indicator to Highest Level Since Q2 2019

December 19, 2022

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The increase in backlog observed in November is largely attributed to contractors with under $30 million in revenue, which now have their highest level of backlog in over three years.