Core Report | May 12, 2023

Shipments of heating and cooling equipment increased for the second consecutive month after sliding the previous five months. HVAC shipments totaled 2.007 million units in March, up 20.5% from February but were still 11.0% down from 2.256 million units in March 2022. This is the twelfth consecutive month in which shipments declined on a year-over-year basis.