Phil Risher summarizes a Jobber report (released in August) analyzing ~200,000 service businesses (residential cleaners, landscapers, HVAC technicians, etc.). Key findings: median year-over-year revenue is roughly flat (around 0–3%), monthly and seasonal variation shows spring spikes then declines, new work schedules year-over-year are flat, and falling interest rates may increase invoice sizes as consumer borrowing/discretionary spending improves.
Chapters
This report just came out in August. Basically, jobber went through 200,000 residential cleaners, landscapers, H Vac technicians and companies and more. And they distilled all their data down into a couple key takeaways, which we're going to go through. All right, so the first thing, this is the overall consumer demand of what's going on. We'll break it down by industry, but median revenue year over year is pretty much flat. A little bit down a little bit up on a monthly basis, but I would say flat to about 2 to 3%. And you can see how this is trending. So typically, companies, in the first six months, they were going crazy in spring, and then it's slowly fades off. This is looking a little bleak going into June because this is trending down. So not too good here. New work schedule, year over year, it's about flat. Last year we were down a little bit, but right now I would say it's about flat. What they talk about in this report is that right now the interest rates are going down, so hopefully that should help with invoice sizes going up because people have a little bit more discretionary funds or borrowing more money.
