Overall numbers up for 2015
Brutal weather in Quebec and Atlantic Canada impacts sales.
March 24, 2015
According to the confidential Wholesalers’ Sales Report produced by the Profit Planning Group for the Canadian Institute of Plumbing & Heating (CIPH), February total product sales were up $15.1 million dollars or up 4.2 per cent compared to the same period in 2014. Monthly total product sales compared to 2014 were very strong in BC, mainly due to an increase in Waterworks sales, which were comparable to 2013 levels. Overall monthly sales were also up in Alberta, “West” and Ontario, while they dropped significantly in Atlantic and Quebec. The harsh weather in these regions most likely had an influence on sales.
Total year-to-date product sales were up 3.2 per cent or up $24 million from the prior year for a total of $782.4 billion.
In Brief (compared to February 2014):
• Plumbing sales were up in BC, Alberta, Ontario and “West.” Sales were essentially flat in Quebec, while they dropped in Atlantic.
• Hydronics sales increased in Alberta, Ontario, “West” and BC. Atlantic and Quebec sales were down significantly.
• PVF sales had a solid month in Ontario, “West” and BC. They were down in Quebec, Atlantic, and Alberta.
• Waterworks sales were exceptionally strong in BC and “West”. All other regions were down.HVAC/R had a good month in BC, Ontario and “West.” Sales in Atlantic, Quebec and Alberta were down.
To see CIPH member forecast results on sales through wholesaler distribution for the first half of 2015 click here.