Articles Tagged with ''economy and HVAC''

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.

HVAC shipments numbers have decreased at the start of 2023, but that does not mean contractors should be cutting their marketing budgets.

Amidst white-collar layoffs, economic uncertainty, and excessive college expense, there has never been a better time for trade apprenticeship programs to target young professionals and build the next generation of blue-collar work.

Six of seven major HVACR manufacturers reported year-over-year revenue increases for the fourth quarter of 2022.

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.

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

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.

With so many conflicting opinions about the future of the economy and the impact of prospective long-term inflation it’s easy to be paralyzed with decision making in business. But businesses can fight inflation.