Market Data
December 13, 2022
Heating and Cooling Equipment Shipments Fall 8% Through October
Written by Brett Linton
US heating and cooling equipment shipments declined further in October, according to recently released data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Total shipments in October were 1.79 million units, 8% less than September levels and down 13% compared with the same month last year. October represents the third-lowest shipment rate recorded in the last 18 months, just ~5,000 units above the lows seen in November 2021 and July 2022.
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%.
