The total U.S. pest index increased 16.2 percent year-over-year in May 2021. This is a deceleration from April, which was up 21 percent. This is primarily due to an easier comparison with the commercial pest index in April 2020. On a sequential basis, the index decreased 2 percent from April 2021. The index typically sees a sequential increase in May. For instance, in May 2020, it was up 3 percent and it was up 4 percent in May 2019.
"Growth of 16 percent year-over-year in May remains well above the long-term historical average monthly growth trend of 8-9 percent," said William Blair Equity Researcher, Tim Mulrooney.
The Residential Index increased 16.9 percent year-over-year and contracted 0.5 percent on a sequential basis. Meanwhile, the Commercial Pest Index increased 22.7 percent year-over-year and contracted 0.2 percent on a sequential basis. Likewise, the Wood Destroying (Termite) Index increased 8.4 percent year-over-year.
View the full May report and the archive of past reports at SellMyPCOBusiness.com.
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