Steel Markets
October 9, 2020
August Heating and Cooling Equipment Shipments
Written by Brett Linton
August heating and cooling equipment shipments totaled 2.01 million units, up 12.7 percent from the same month one year ago, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Total August shipments declined 1.1 percent over the previous month, but recall that we are coming down from a recent record-high; June 2020 saw the highest monthly shipment level in SMU’s 12-year history.
As a three-month moving average (3MMA), total heating and cooling shipments were up 12.1 percent year-over-year, following a 1.9 percent increase in July. This is the second consecutive month that 3MMA shipments have increased on a year-over-year basis since last October. This is the largest 3MMA annual rate of change seen since September 2016.
