New Study Shows Contractor Confidence in Sales Growth in Coming Months
We recently came across some positive news for many of our customers in the HVAC industry. According to recent coverage in The Air Conditioning, Heating and Refrigeration NEWS, the majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels in 2018.
The ACHR NEWS report cites the latest findings from the Associated Builders and Contractors Inc. (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018. That confidence is shared in the residential and light commercial markets as well, with many companies reporting stellar sales last year.
It’s an interesting and overall optimistic read that also covers current industry concerns and the changing regulatory climate. We encourage you to read the full article for yourself on the ACHR NEWS site here.