RAC/PAC
2.8 MIDDLE EAST
Due to rising oil prices and increased government spending, in 2018, Middle East oil exporters achieved their best performance in five years. Solid domestic demand, a healthy influx of tourists and po...
2.7 OCEANIA
The Australian Bureau of Statistics recently announced that Australia’s economy grew by 1.9% in 2018-2019, down from 2.9% the previous year. Household consumption was restrained, with annual gro...
2.6 JAPAN
Japan’s GDP according to the preliminary figure for the July to September quarter of 2019 achieved a 0.1% increase (or a 0.2% increase on an annualized basis over the previous year), thus enjoyi...
Panasonic to Outline Innovative and Sustainable Solutions
Panasonic Appliances Air Conditioning Europe will once again highlight its environmentally friendly solutions for highly efficient HVAC&R in the commercial and residential markets at MCE 2020. ...
Daikin to Present Current and Future Air
At MCE 2020, Daikin’s booth will support the main theme of the exhibition with the ‘Current and future air that Daikin aims to create through air conditioning and heating’. Under thi...
Mitsubishi Electric Group to Showcase Environmentally Friend
Mitsubishi Electric, together with its brands Climaveneta and RC IT Cooling, will focus its exhibit on its solutions for the use of environmentally friendly low-GWP refrigerants in products and system...
DOL Issues Joint Employer Final Rule
BY Alex Ayers 1/31/2020 On January 13th 2020, the Department of Labor issued its Final Rule on joint employer status under the Fair Labor Standards Act (FLSA). The Final Rule provides clarity on joi...
2.5 EUROPE
Although the weather varied greatly from one country to another, relatively hot weather boosted the air conditioner market in Europe in 2019. The RAC market in Europe as a whole increased by about 4.4...
2.4 INDIAN SUBCONTINENT
After clocking the fastest growth among the major economies in the world during the last three years, the Indian economy slowed down during January–September 2019. The World Bank has lowered its...
2.3 SE ASIA
Compared with other parts of the world, Southeast Asia’s economy is relatively stable. The weather was hotter than last year in most places. Sales of RACs and PACs increased by 2.9 and 3.9% resp...
