Futures
January 17, 2023
AHRI Shipments Fall in November
Written by Becca Moczygemba
US heating and cooling equipment shipments declined further in November, according to recently released data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Total shipments in November were 1.768 million units, 6% less than October levels and down 6% compared with the same month last year. November represents the lowest shipment rate recorded in the last 24 months, Previously, the lowest recorded level was 1.66 million units in November 2020.
Recall that shipment levels bounced around over the summer months. June saw the fifth-highest monthly shipment rate in SMU’s 14-year history. July shipments fell 20% month over month (MoM) to a then eight-month low, the largest monthly decline seen since late 2020. August saw a MoM increase of 12%.
