Leading US Air Conditioner Exporter Thailand: Thailand is projected to become the leading exporter of air conditioners to the United States in 2025, surpassing China, following the US imposition of a 19% reciprocal tariff on imports from Thailand. The tariff, along with an additional 50% levy on steel components under Section 232, is expected to boost Thailand’s competitiveness against China, particularly for window-type (self-contained) air conditioners, which account for ov

Pathway to Platinum USA: LG Electronics has introduced “Pathway to Platinum,” a new program aimed at helping HVAC dealers enhance performance, training, and customer relationships through education, incentives, and business development tools. Unveiled at the 2025 LG Pro Dealer Summit in Orlando, Florida, the initiative expands on LG’s existing Pro Dealer framework by rewarding contractors for their commitment to training, marketing participation, and customer service excellen

Expands HVAC Parts US: Lennox has expanded its residential and commercial HVAC offerings through the acquisition of Duro Dyne and Supco, enhancing its ability to support customers across the entire HVAC value chain. The acquisition adds a robust portfolio of HVAC parts and supplies that complement Lennox’s existing products, responding to growing customer demand for comprehensive solutions. By integrating these respected brands, Lennox strengthens its distribution capabilitie

GDP Growth Expected to Slow China: China GDP Growth Expected to Slow, in a year during the third quarter of 2025, with GDP growth forecast at 4.8% year-on-year, down from 5.2% in the second quarter and the slowest pace since Q3 2024, according to a Reuters poll of 45 economists. On a quarterly basis, the economy is projected to have expanded 0.8%, slowing from 1.1% in April–June. The slowdown, driven by a prolonged property slump, trade tensions with the U.S., and deflationar

VASO by Eco Develops Recycled Glass Heat Pump UK: VASO by Eco, a composite innovation business based in southern Scotland, is developing a pioneering air source heat pump base made from recycled glass to transform installations in urban areas. The company’s composite material provides an alternative to concrete, offering better thermal insulation, vibration absorption, and resistance to cracking, while reducing carbon emissions and installation time. This week, VASO by Eco be

Kajaria Ceramics Reports 58% YoY India: Kajaria Ceramics Ltd reported a 58% year-on-year (YoY) growth in net profit to Rs. 133 crore (USD 16.7 million) for the second quarter ended September 30, 2025, compared to Rs. 84 crore (USD 10.7 million) in the same period last year. Revenue from operations rose 2% YoY to Rs. 1,186 crore (USD 149 million) and 7.5% sequentially from the June quarter of Rs. 1,103 crore (USD 138 million). EBITDA grew 31.3% YoY to Rs. 214 crore (USD 26.6 m

New Zealand Residential Construction Costs Show Sustained Slowdown in September Quarter New Zealand: New Zealand’s residential construction costs rose only marginally in the September quarter, signalling a continued slowdown as the housing market stabilises and lending conditions ease ahead of 2026. The Cordell Construction Cost Index (CCCI) showed the cost to build a standard single-storey brick and tile home increased 0.4%, down from 0.6% in Q2 and well below the long-term

GDP VIETNAM: Vietnam aims to achieve an average annual economic growth rate of at least 10% during the 2026–2030 period, according to a document released by the country’s ruling Communist Party. Published on the Party’s official website ahead of its upcoming five-year congress, the plan sets an ambitious vision for the nation’s next development phase. It also outlines a goal to raise Vietnam’s GDP per capita to US$8,500 by 2030, nearly doubling the current target of US$4,700–

Indian Flag INDIA: The International Monetary Fund (IMF) revised India’s economic growth forecast for FY26 upward to 6.6%, from its earlier estimate of 6.4%, citing robust first-quarter performance that more than offset the effects of higher U.S. tariffs on Indian exports. However, in its latest World Economic Outlook (WEO)  report, the IMF trimmed India’s FY27 growth projection to 6.2%, down from the 6.4% forecast released in July. Despite the upward revision, India’s FY26 g

Air Conditioner USA: The Air Conditioning Contractors of America Educational Institute (ACCA-EI) Standards Task Team (STT) has announced a public review period, approved by the American National Standards Institute (ANSI), for ACCA 5 QI – HVAC Quality Installation Specification to be recognized as a new American National Standard. The 45-day public review began on October 10, with comments accepted until November 24, 2025. The proposed standard remains identical to ANSI/ACCA

Saudi Arabia Flag SAUDIA ARABIA: Most Gulf Cooperation Council (GCC) economies are expected to post steady growth in 2025 and 2026, supported by rising oil production, according to a Reuters poll of economists who have upgraded their outlook for Saudi Arabia, the region’s largest economy. Following a series of production cuts since early 2023, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are now reversing course, raising their collective output

News UZBEKISTAN: Uzbekistan is set to rank among the five fastest-growing economies in the broader Europe and Central Asia region in 2025, according to the World Bank’s Europe and Central Asia Economic Update, Fall 2025 . The report forecasts Uzbekistan’s GDP to expand by approximately 6.2%, significantly outpacing the regional average amid a general slowdown across emerging European and Central Asian markets. Overall, regional GDP growth is projected to ease to around 2.4% i