COLUMBUS, Ohio, August 1, 2018 – Heating, Air-conditioning & Refrigeration Distributors International (HARDI) has launched a more member-focused version of its economic analysis Benchmarking service.
The new program, named HARDInomics, entails a quarterly forecasting and market outlook report, as well as a brief monthly economic report. The data from the new reports will be focused on HVACR-specific indicators and the implications of latest macroeconomic data and events for the HVACR industry.
"Our Benchmarking services continue to be some of the most important resources we offer to members," said HARDI Market Research & Benchmarking Analyst Brian Loftus. “This update to our existing services allows us to have a more synergistic Benchmarking suite that we continually aim to tailor closer to our distributors' needs. This Benchmarking expansion is another step in HARDI's continual effort to deliver Benchmarking services that are member-focused."
The upgrade allows HARDI to offer more robust information to eligible members by utilizing data generated by the other tools in the HARDI Benchmarking suite – TRENDS sales report, Unitary Market Report and Distributor Performance Dashboards (DPD). HARDInomics compares historic economic data trends, looking for leading indicators, with TRENDS and shipment reports. The regional sections of the quarterly report will provide more state level insights to support the members in specific states within a region.
A crucial benefit for HARDI members is economist Anirban Basu, CEO of Sage Policy Group, Inc. Basu serves as Chief Economist to the Associated Builders and Contractors and is the Chief Economic Advisor to the Construction Financial Management Association. Along with Dodge and Moody’s, he is one of the select group of economists selected by the American Institute of Architects to support their nonresidential construction outlook survey.
"For the past decade, we at Sage have been at the forefront of construction economics," said Basu. "We enjoy a level of fluency with construction data that will help us help leaders of the North American HVACR distribution industry make shrewd business decisions and prepare for our common future. We look forward to working with Brian, HARDI, and all industry participants during the years ahead to monitor leading indicators, characterize industry performance, and spot inflection points in business cycles.
Currently, only TRENDS monthly sales report participants and Premier members receive both the quarterly and monthly HARDInomics reports. Sustaining members receive only the quarterly forecasting and market outlook report.