$12.3 billion According to research from The Freedonia Group, an industry market research firm, U.S. demand for plumbing fixtures and fittings is forecast to rise 6.3% per year to $12.3 billion in 2019, spurred by rebounding building construction expenditures. The group notes the residential market will see the most rapid advances. 19,058 The recent Greenbuild International Conference and Expo in Washington, D.C., reported total attendance of 19,058, a significant increase over the 2014 event, it said. There were 548 exhibiting companies participating in 144,300 sq. ft. Of exhibit and display space on the trade-show floor. 14 From Metals Service Center Institute, U.S. service center steel shipments in October decreased by 14.0% from October 2014. Steel product inventories decreased 4.2% from October a year ago and decreased 3.0% from last month. 8 Via ASA’s Materials Market Digest and ASA Insights, The National Insurance Crime Bureau reports, continuing a recent trend, insured metal theft claims in 2014 were down 8.0% from 2012 levels. During a three-year period (2012-2014), NICB reports 98% of metal theft insurance claims involved copper. 45.7 In HARDI’s October TRENDS report, the days sales outstanding, a measure of how quickly customers pay their bills, now is at 45.7. “There is no sign of customer stress in the recent DSO trends,” HARDI Market Research and Benchmarking Analyst Brian Loftus said. “The DSO is a bit faster than it has been this time of the year recently and inventory levels appear to be back to normal after the cooling season sales worked through the bulge from regional standards pre-buy.” 70 Via Jim Collins’ book “Built to Last: Successful Habits of Visionary Companies,” 70% of Fortune 1000 companies over the past decade are new. That total was 35% in 1973. 76.1 From a study conducted by the Air Conditioning Contractors of America, 76.1% responded favorably to the question “To what extent do you find HVACR distributors to be a help or hindrance to your company’s daily operations?” 21.4% responded distributors are a help and a valuable partner, while 54.7% responded they usually are helpful. For more on this study, read Editor Mike Miazga’s column on Page 8.
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