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HVACR Manufacturers Confident Regarding Future of the Economy, Business
2018/01/09

74 percent of respondents are forecasting growth rates of greater than 5 percent in 2018
January 8, 2018
WESTPORT, Conn. -- Worldwide optimism among HVACR manufacturers about economic conditions and the outlook for their own businesses has soared to record highs, according to the latest AHR Expo and ASHRAE Journal Annual Economic Outlook Survey with 89 percent of responders forecasting excellent or good growth, which is up 15 percent from the already positive outlook in 2017.
 
That optimism also translated into higher 2018 sales forecasts for the industry, with 74 percent of respondents forecasting growth rates of greater than 5 percent, jumping 14 percent when compared to the 65 percent of responders who predicted high growth in 2017.
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