Steel Markets
September 12, 2020
July Heating and Cooling Equipment Shipments Reach Record High
Written by Brett Linton
July heating and cooling equipment shipments totaled 2.11 million units, up 16.6 percent from the same month one year ago, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Recall that last month, we saw the highest monthly shipment level in SMU’s 12+ year limited history, surpassing the previous monthly high in July 2018 at 2.27 million units.
As a three-month moving average (3MMA), total heating and cooling shipments were up 1.9 percent year-over-year, following a 9.5 percent decline in June. This is the first month 3MMA shipments have increased on a year-over-year basis since last October.
