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May heating cooling equipment data shows a 25.4% decline in commercial electric storage water heater

Jul. 13, 2022 9:52 AM ETLII, JCI, TT, CARRBy: Manshi Mamtora, CFA
    • May 2022 data by AHRI or Air-Conditioning, Heating & Refrigeration Institute shows central air shipment growth flat Y/Y (compares to May 2021 rise of 31% Y/Y); numbers improved from -4% in April, however the sequential increase in May +9% was less than typical seasonality (historical average of 20%)

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