U.S. Pest Control Index Up 19% Year-Over-Year in November

 

“The total pest index accelerated materially from the growth observed over the last three months (midteens year-over-year growth in August, September and October),” says William Blair Equity Researcher Tim Mulrooney. The performance in November was driven by an acceleration across all four sub-indices (residential, commercial, termite, and bed bug).

 

The Residential Pest Index increased 21.3 percent year-over-year and declined 4.1 percent on a sequential basis. The strong growth in the November residential pest index may be partly explained by warmer temperatures across much of the northern U.S. 

 

“However, with eight months in a row of above-average growth in the residential index, we believe other secular factors may also be at play (e.g., increasing market penetration),” Mulrooney says. “The two-year compound annual growth rate for the residential pest index was 15 percent in November, above the long-term historical average trend of 12 percent growth.”

 

The Commercial Pest Index increased 15.3 percent year-over-year and declined 5.2 percent on a sequential basis. This marks an acceleration from October and September, which was expected given easier comparisons. 

 

“Still, the result in November was surprisingly strong,” Mulrooney says. “The 15 percent increase in November is well above the three-year historical average monthly growth rate of 8 percent.” 

 

The Wood Destroying (Termite) Index increased 15.7 percent year-over-year and declined 3.1 percent on a sequential basis. The Bed Bug Index increased 12.8 percent year-over-year and declined 9 percent on a sequential basis. View the full November report and the archive of past reports at https://www.sellmypcobusiness.com/william-blair-pest-control-buzz/